Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Newell Companies, Inc. Deal - Lehman Brothers Collection

Newell Companies, Inc.

Company Deal550,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionNewell Companies, Inc., used the net proceeds from this transaction to reduce a short-term bank loan. The proceeds of this bank loan were used by the company as part of the purchase price for its recent acquisitions of Novel Ideas, Incorporated; Ronco of California; and the Boye Needle Company. Of the shares offered in this deal, 480,450 shares were sold by the group of selling stockholders, which consisted of Leonard C. and Mildred Ferguson, Daniel C. Ferguson, Rodger O. Ferguson, Nancy Ferguson Seeley, Juneco Holdings, Ltd., trust for the benefit of Claire Newell Menkel, Jean S. Newell and a custodianship and trusts for the benefit of her minor child, adult children of Jean S. Newell and trusts for their benefit, trust for the benefit of Margaret Newell Wild, trust for the benefit of Jean S. Newell and Margaret Newell Wild, William R. Cuthbert and a custodianship and trusts for the benefit of his minor child, three adult children of William R. Cuthbert and trusts for their benefit, Stuart D. Burt Jr. and Ellen Cuthbert Burt and trusts for the benefit of their minor child, two adult children of Mr. and Mrs. Burt and trusts for their benefit, the Burt Family Spray Trust, Loren T. Wood and Elizabeth Cuthbert Woods and trusts for the benefit of their three minor children, four adult children of Mr. and Mrs. Wood and trusts for their benefit, and the estate of the deceased wife of Maurice F. Smith.
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