Federated Department Stores, Inc.
| Company Deal | Federated Department Stores: 250,000 shares of common stock ($5 par value) |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Federated 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. |