Black and Decker Manufacturing Co. Deal - Lehman Brothers Collection
Black and Decker Manufacturing Co.
|Company Deal||350,000 shares common stock (par value $0.50 per share)|
|Transaction Type||Common Stock|
|Deal Description||The Black and Decker Manufacturing Company used the net proceeds from this transaction to reduce the company's short-term borrowings in the United States. Such borrowings, which on March 28, 1971 amounted to $17,000,000, were incurred to meet increased working capital requirements. The balance of the proceeds was to be added to the company's working capital.|
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