Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Gulf Life Holding Company Deal - Lehman Brothers Collection

Gulf Life Holding Company

Company Deal1,251,829 shares common stock
Transaction TypeCommon Stock
Deal DescriptionGulf Life Holding Company expected that the proceeds from this transaction would provide the cash necessary for the acquisition of 4,068,766 shares of the common stock of American-Amicable. It was anticipated that the acquisition of American-Amicable would be consummated within four weeks of the issuance of the common stock offered in this transaction. The remainder of the proceeds were used to retire a portion of the company's 6 1/2%-7% notes payable to banks, which were issued to finance the Stonewall acquisition and the expenses of the exchange offer, and to pay the remainder of such expenses.
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