Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Digital Equipment Corporation Deal - Lehman Brothers Collection

Digital Equipment Corporation

Company Dealoffering of 315,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionDigital Equipment Corporation used its portion of the net proceeds from this transaction to repay its outstanding notes payable to banks. The balance was added to working capital and was used to finance receivables and inventories, to purchase plant equipment, and for other corporate purposes. The proceeds of the notes payable to banks were used for additional working capital to finance the company's increased volume of business. Of the shares offered in this transaction, 215,000 shares were sold by the selling stockholder, American Research and Development Corporation. The company received no portion of the proceeds from the sale of such shares.
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