Massey-Ferguson Limited
| Company Deal | 3,038,889 common shares (without nominal or par value) |
|---|---|
| Transaction Type | Common Shares |
| Deal Description | Massey-Ferguson Limited added the net proceeds from this transaction to its general funds. The company planned to use such funds to reduce consolidated short-term borrowings from banks. Such short-term indebtedness was incurred for general corporate purposes including the financing of increased production and sales, seasonal requirement of the business, and other operating cash needs. |