City Investing Co.
| Company Deal | City Investing Company: exchange offer to holders of common stock of the Home Insurance Company |
|---|---|
| Transaction Type | Cumulative Preferred Stock / Common Stock |
| Deal Description | City Investing Company offered the shareholders of the Home Insurance Company the opportunity to exchange each share of common stock of Home for a package of City securities consisting of 4/10th of a share of City common stock and one share of $2.00 cumulative preference stock, convertible series B. City made the exchange offer in furtherance of its acquisitions program in order to provide for City a position in the fields of property, casualty, and life insurance. City believed it desirable to eventually effect a merger between Home and a subsidiary of City. |