Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Federated Department Stores, Inc. Deal - Lehman Brothers Collection

Federated Department Stores, Inc.

Company DealFederated Department Stores: 250,000 shares of common stock ($5 par value)
Transaction TypeCommon Stock
Deal DescriptionFederated Department Stores added the net proceeds from this transaction to its general funds, to be available for general corporate purposes. Such funds were to provide additional equity capital in the business for possible futures needs, which may have been occasioned by the growth of the business. The company anticipated that a substantial portion of the funds may have been applied to the expansion and improvement of its properties, and to expanded operations, particularly to the opening of new stores by the company's new Fedway division.
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