Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

The Western Union Telegraph Company Deal - Lehman Brothers Collection

The Western Union Telegraph Company

Company Deal4.60% convertible cumulative preferred shares
Transaction TypeConvertible Cumulative Preferred Shares
Deal DescriptionThe Western Union Telegraph Company used the net proceeds from this transaction for expansion of facilities and furtherance of its construction program. Since 1961, the company had been engaged in the largest construction program in its history. The program was intended to provide the company with new and technologically advanced plant facilities capable of handling the complex and rapidly expanding communications requirements of government, industry, and the general public.
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