Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Sperry Rand Corporation Deal - Lehman Brothers Collection

Sperry Rand Corporation

Company Dealcommon stock
Transaction TypeCommon Stock
Deal DescriptionSperry Rand Corporation added the net proceeds from this transaction to its general funds. The increase in general funds was needed to finance the acquisition of additional manufacturing plants, machinery, and equipment, the modernization of existing facilities, and the production of machines for rental. Any balance was used for additional working capital.
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