Maremont Corporation
| Company Deal | 120,000 shares of common stock (par value $1 per share) |
|---|---|
| Transaction Type | Common Shares |
| Deal Description | Maremont Corporation used the proceeds from this transaction to repay a portion of the short-term bank loans used to purchase shares of common stock of the Gabriel Company and Ohio Corporation. Gabriel was a large producer of automotive shock absorbers for sale as original equipment and in the replacement market. It also produced shock absorbers for other industrial uses. In addition, it manufactured aircraft and missile components and commercial microwave communications antennae. |