Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Sharon Steel Corporation Deal - Lehman Brothers Collection

Sharon Steel Corporation

Company Deal225,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionSharon Steel Corporation added the net proceeds from this transaction to its general funds, to be available for general corporate purposes. The company expected that such proceeds would be reflected primarily in its working capital. If the company decided to install additional steel-melting facilities, it expected that its general funds would be sufficient for such purpose.
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