Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

American Building Maintenance Industries Deal - Lehman Brothers Collection

American Building Maintenance Industries

Company Deal400,000 shares of common stock (without par value)
Transaction Typecommon stock
Deal DescriptionAmerican Building Maintenance Industries estimated that the net proceeds from the sale of common stock being sold by the company would be $1,532,105. Approximately $475,000 of the proceeds were to be used to repay short-term debt and those portions of long-term debt due prior to November 1, 1971. The balance was to be added to the company's general funds and initially invested in short-term obligations. None of the proceeds from the sale of the shares being sold by the selling stockholders were to be received by the company.
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