Re: Packard Stock

Posted by Owen_Dyneto On 2009/11/18 11:05:25

I'm scratching my memory a bit here. I believe it was 1910 when they switched from a West Virginia to a Michigan corporation that the first large public stock offering took place; prior to that I believe the stock (variously 2500 and 5000 shares) was entirely held by the principals. Packard stock ceased with the formation of Studebaker-Packard Corporation in 1954.