Gulf & Western Industries, Inc.
| Company Deal | exchange offer to holders of common stock and preferred stock of Brown Company |
|---|---|
| Transaction Type | Subordinated Debentures / Warrants to Purchase Common Stock |
| Deal Description | Gulf & 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. |