Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

GenRad, Inc. Deal - Lehman Brothers Collection

GenRad, Inc.

Company Dealprimary and secondary offering of 600,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionGenRad, Inc. added its portion of the proceeds from this transaction to its general funds. A portion of such funds was used to retire short-term bank indebtedness incurred to provide working capital. The balance of such funds was to be used for working capital, of which a portion was expected to be used for manufacturing and office facilities. The offering was to provide the company with additional permanent equity capital, which was required to support its increased volume of business. Of the shares being offered in this transaction, a portion were sold by the selling stockholder, GenRad Profit Sharing Trust. The company received no portion of the proceeds from those shares.
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