Continental Air Lines, Inc. Deal - Lehman Brothers Collection
Continental Air Lines, Inc.
|Company Deal||1,439,000 shares capital stock (par value $.50 per share)|
|Transaction Type||Capital Stock|
|Deal Description||Continental Air Lines, Inc., added the net proceeds from this transaction to the company's general funds. Such funds, together with additional funds, were used for the acquisition of subsonic flight equipment and new ground facilities. In addition to the expenditures for flight equipment, the company expected to spend funds for ground facilities and equipment, including new buildings or additions in Chicago, Dallas, Houston, Denver, Honolulu, Los Angeles, and other cities for construction of hotel facilities in the Pacific area.|
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