Lehman Brothers Collection - Contemporary Business Archives

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Twentieth-Century Business Archives

Leonhard Tietz Aktiengesellschaft Deal - Lehman Brothers Collection

Leonhard Tietz Aktiengesellschaft

Company DealLeonhard Tietz Aktiengesellschaft (Leonard Tietz Incorporated): $3,000,000 20-year 7 1/2% mortgage gold bonds (with stock purchase warrants)
Transaction TypeMortgage Gold Bonds
Deal DescriptionLeonhard Tietz Aktiengesellschaft used the net proceeds from this transaction to increase its working capital and to expand its business. The company wished to extend its lines of merchandise and to make certain improvements in its buildings, which were hoped to prove advantageous in increasing its volume of sales.
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