Digital Equipment Corporation
| Company Deal | offering of 375,000 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Digital Equipment Corporation used its portion of the proceeds from this transaction to pay in full its outstanding notes payable to banks and a note held by ARD. The balance of the company's proceeds was added to its working capital. The proceeds of the notes payable to banks were used for additional working capital to finance the company's increased volume of business. Of the shares offered, 140,000 shares were sold by the selling stockholder, Harlan E. Anderson. The company received no portion of the proceeds from these shares. |