Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

City Products Corp. Deal - Lehman Brothers Collection

City Products Corp.

Company DealCity Products Corporation: acquisition of assets and business of Butler Brothers
Transaction TypeCommon Shares / Acquisition
Deal DescriptionCity 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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