Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Peabody Galion Corporation Deal - Lehman Brothers Collection

Peabody Galion Corporation

Company Deal375,000 shares common stock (par value $.10 per share)
Transaction TypeCommon Stock
Deal DescriptionPeabody Gailon Corporation used a portion of the net proceeds from this transaction to reduce its short-term bank loans and other notes, which were incurred primarily for working capital purposes, and long-term debt due within one year. The remainder of the proceeds was added to working capital and used for general corporate purposes, including the retirement of long-term debt and possible future acquisitions.
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