M. Lowenstein and Sons, Inc. - Lowenstein Fabrics - 1956 dated $1,000 Bond - Very Historic
Inv# GB5637 Bond
$1,000 4 3/8% Bond printed by American Bank Note Co., F.L. Div. Some coupons remain.
In October 1985, Springs declared its acquisition of M. Lowenstein, a New York City-based company, for $265 million. This transaction marked the largest merger in the textile sector to date, elevating Springs to the position of the third-largest publicly traded textile firm in the United States and establishing it as the leading manufacturer of sheets, commanding a 25% market share. The acquisition also included the prestigious Wamsutta brand. Prior to this, Springs had been viewed as a potential purchaser of Cannon Mills.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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