Gulf & Western Industries, Inc. Deal - Lehman Brothers Collection
Gulf & Western Industries, Inc.
|Company Deal||exchange offer to holders of common stock and preferred stock of Brown Company|
|Transaction Type||Subordinated Debentures / Warrants to Purchase Common Stock|
|Deal Description||Gulf & Western Industries, Inc., offered to the holders of the common stock and preferred stock of Brown Company to exchange Gulf & Western warrants to purchase, at the rate of one share per warrant, Gulf & Western common stock at $55 per share and 6% subordinated debentures, for all of the outstanding shares of Brown Company tendered in accordance with this exchange offer. The proceeds received by Gulf & Western upon exercise of warrants were used for general corporate purposes.|
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