Memorex Corporation
| Company Deal | 1,269,536 shares common stock (par value $1.00) |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Memorex Corporation added the net proceeds from this transaction to its working capital. The funds may have been used temporarily to repay bank borrowings or invested in short-term obligations. It was anticipated that the funds ultimately would be used to finance in part the company's capital expenditure program, including expansion of manufacturing facilities and equipment and additions to the company's equipment lease base. |