Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Air Products and Chemicals, Inc. Deal - Lehman Brothers Collection

Air Products and Chemicals, Inc.

Company Deal200,000 shares of $4.75 convertible preferred stock
Transaction Typeconvertible preferred stock offering
Deal DescriptionAir Products and Chemicals, Inc., planned to use the proceeds from this sale of convertible preferred stock to be added to the general funds of capital additions and improvements such as the expansion of the industrial gas operations, construction of additional gas-producing plants, and installation of new catalyst- and chemical-producing facilities. The company also considered applying a portion of the proceeds to reduce debt and purchase short-term marketable securities.
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