Trans-Coast Investment Co. Deal - Lehman Brothers Collection
Trans-Coast Investment Co.
|Company Deal||375,000 shares common stock|
|Transaction Type||Common Stock|
|Deal Description||Trans-Coast Investment Co. initially deposited the proceeds from this transaction in one or more of its savings and loan subsidiaries at their then-current rate of interest. It was estimated that the income on such deposits would be sufficient to cover operating expenses of the company.|
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