City Investing Co. Deal - Lehman Brothers Collection
City Investing Co.
|Company Deal||City Investing Company: exchange offer to holders of common stock of the Home Insurance Company|
|Transaction Type||Cumulative Preferred Stock / Common Stock|
|Deal Description||City Investing Company offered the shareholders of the Home Insurance Company the opportunity to exchange each share of common stock of Home for a package of City securities consisting of 4/10th of a share of City common stock and one share of $2.00 cumulative preference stock, convertible series B. City made the exchange offer in furtherance of its acquisitions program in order to provide for City a position in the fields of property, casualty, and life insurance. City believed it desirable to eventually effect a merger between Home and a subsidiary of City.|
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