Beautiful certificate from the General Theatres Equipment Company
issued in 1931. This historic document was printed by the Columbian Bank Note Company and has an ornate border around it with a vignette of two Greek gods on either side of their logo. This item is handsigned and, and is over 83 years old.
In Apr., 1930, control of the Fox Film Corp. and Fox Theatres Corp was acquired by General Theatres Equipment, Inc., through the purchase of the entire 100,000 shares of class B voting stock formerly owned by William Fox and associates. In connection with the refinancing of Fox Film Corp. and Fox Theatres Corp. on the acquisition of control of these two companies by General Theatres Equipment, Inc., Fox Theatres Corp. received from Fox Film Corp. 1,600,000 shares of its class A stock and about $27,000,000 cash in return for 660,000 shares of Loew, Inc. stock which it held. In turn Fox Theatres Corp. sold the Fox Film Corp. class A stock to General Theatres Equipment, Inc. at $30 per share.
History from Encyberpedia and
stock certificate research service)