Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Memorex Corporation Deal - Lehman Brothers Collection

Memorex Corporation

Company Deal1,269,536 shares common stock (par value $1.00)
Transaction TypeCommon Stock
Deal DescriptionMemorex 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.
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