Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Gulf & Western Industries, Inc. Deal - Lehman Brothers Collection

Gulf & Western Industries, Inc.

Company Dealexchange offer to holders of common stock and preferred stock of Brown Company
Transaction TypeSubordinated Debentures / Warrants to Purchase Common Stock
Deal DescriptionGulf & Western Industries, Inc., offered to the holders of the common stock and preferred stock of Brown Company to exchange Gulf & Western warrants to purchase, at the rate of one share per warrant, Gulf & Western common stock at $55 per share and 6% subordinated debentures, for all of the outstanding shares of Brown Company tendered in accordance with this exchange offer. The proceeds received by Gulf & Western upon exercise of warrants were used for general corporate purposes.
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