Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

General Cigar Co., Inc. Deal - Lehman Brothers Collection

General Cigar Co., Inc.

Company Dealpublic offering of 550,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionGeneral Cigar Co., Inc., used a portion of the proceeds from this transaction to reduce the outstanding indebtedness of its subsidiary, Metropolitan Tobacco Company, Inc. The indebtedness was incurred in connection with the acquisition of Ex-Lax. The balance of the proceeds was used to reduce the company's outstanding short-term debt under its credit agreement.
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