| Deal Description | Westinghouse Electric Corporation used the proceeds from this transaction to finance its expansion program. The program involved expansions of the company's manufacturing and other facilities, such as a new plant for the manufacture of electronic equipment, a small-motor plant, electronic tube plants, an aircraft-armament plant, a jet-engine parts plant, expanded facilities for the production of generating equipment, a new warehouse, and a five-plant addition to the lamp division production facilities. Finally, the company had recently purchased a plastics plant. |
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