Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Handy Dan Home Improvement Centers, Inc. Deal - Lehman Brothers Collection

Handy Dan Home Improvement Centers, Inc.

Company Deal400,000 shares common stock ($1.00 par value per share)
Transaction TypeCommon Stock
Deal DescriptionHandy Dan Home Improvement Centers, Inc., used a portion of the net proceeds from this transaction to repay its outstanding indebtedness to Daylin, Inc. The balance of such indebtedness was payable two years after the closing of this deal and did not bear interest. The indebtedness arose principally from corporate administrative and financial charges incurred by Daylin and allocated to Handy Dan as one of Daylin's operating groups of subsidiaries. The balance of the proceeds was added to the general funds of the company.
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