Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Continental Air Lines, Inc. Deal - Lehman Brothers Collection

Continental Air Lines, Inc.

Company Deal1,439,000 shares capital stock (par value $.50 per share)
Transaction TypeCapital Stock
Deal DescriptionContinental Air Lines, Inc., added the net proceeds from this transaction to the company's general funds. Such funds, together with additional funds, were used for the acquisition of subsonic flight equipment and new ground facilities. In addition to the expenditures for flight equipment, the company expected to spend funds for ground facilities and equipment, including new buildings or additions in Chicago, Dallas, Houston, Denver, Honolulu, Los Angeles, and other cities for construction of hotel facilities in the Pacific area.
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