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Twentieth-Century Business Archives

Fibreboard Corporation Deal - Lehman Brothers Collection

Fibreboard Corporation

Company Deal500,000 shares common stock
Transaction TypeCommon Stock
Deal DescriptionFibreboard Corporation used the proceeds from this transaction to repay short-term bank borrowings, to finance a portion of its capital improvement requirements, and to increase its working capital. The proceeds of the bank borrowings were used primarily to finance a portion of the company's capital improvement program. The program included improvements at the company's pulp and paperboard mill in East Antioch, California, which changed its bleached kraft production from a cylinder to a Fourdrinier operation and which were designed to increase production capacities of bleached kraft, kraft liner, and corrugating medium.
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