Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

City Investing Co. Deal - Lehman Brothers Collection

City Investing Co.

Company DealCity Investing Company: exchange offer to holders of common stock of the Home Insurance Company
Transaction TypeCumulative Preferred Stock / Common Stock
Deal DescriptionCity 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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