City Products Corp. Deal - Lehman Brothers Collection
City Products Corp.
|Company Deal||City Products Corporation: acquisition of assets and business of Butler Brothers|
|Transaction Type||Common Shares / Acquisition|
|Deal Description||City Products Corporation purchased from Butler Brothers all its business, assets, and property. The proceeds received by the corporation from sale of stock pursuant to the Employees Stock Purchase Plan and the executive's stock options were added to the working capital of the corporation and used for general corporate purposes to the extent that the corporation may have had working capital in excess of its needs. The excess may have been put towards retiring the corporation's debt.|
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