Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Great Northern Nekoosa Corporation Deal - Lehman Brothers Collection

Great Northern Nekoosa Corporation

Company Dealregistration and original offering of 500,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionGreat Northern Nekoosa Corporation added the net proceeds from this transaction to its general funds, to be used for capital expenditures and other general corporate purposes. Such capital expenditures included the completion of a new paper-making machine and supporting equipment, primarily for the production of groundwood printing papers. Other projects included the expansion of the bleached pulp capacity of the Ashdown mill, the installation of a new coater to make carbonless paper, a coaster to make paper used primarily in the education field, and the modernization of certain paper-making machines and supporting facilities. The company also intended to use a portion of the proceeds to repay borrowings and to invest the balance temporarily in short-term obligations until used in its business.
Harvard Business School Harvard Business School Baker Library Histrorical Collections