Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Infrared Industries, Inc. Deal - Lehman Brothers Collection

Infrared Industries, Inc.

Company Dealsale of 135,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionInfrared Industries, Inc., used a portion of the proceeds from this transaction to discharge its outstanding short-term bank notes. An additional portion of the proceeds was made available to I R Development Corporation to enable this subsidiary to discharge its outstanding notes. Another portion of the proceeds was used to construct and equip the plant that the company intended to build in Santa Barbara, California. The balance of the proceeds was used for general corporate purposes, including working capital.
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