Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

The May Department Stores Company Deal - Lehman Brothers Collection

The May Department Stores Company

Company Dealsale of 150,000 shares of $3.75 cumulative preferred stock (without par value) and sale of 80,000 shares of common stock (par value $5 per share)
Transaction TypeCumulative Preferred Stock
Deal DescriptionThe May Department Stores Company added the net proceeds from this transaction to its general funds, to be available for general corporate purposes. The company intended that portions of the funds be applied to the development of retail store operations in certain suburban areas and to the modernization and improvement of various existing properties of the company and subsidiaries.
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