Allegheny Ludlum Steel Corporation - Specimen Stock Certificate
Inv# SE1884 Stock
Specimen Stock printed by American Bank Note Company. In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; prior to the merger, the companies had manufactured steel for the Chrysler Building and Empire State Building in New York City. Allegheny Steel had produced stainless steel brightwork for the Model A Ford starting in 1930
Through the 1970s, Allegheny Ludlum periodically cooperated with Ford to build several one-off promotional cars with stainless steel bodies. Three such cars are on display in the Crawford Auto-Aviation Museum. In 1978, the company acquired Wilkinson Sword and Scripto. Scripto was sold to the Tokai Corporation of Japan in 1984. In 1986, the company suffered a $198 million operating loss and chairman Robert Buckley, stepped down amid accusations of mismanagement. In 1987, Wilkinson Sword was sold to Swedish Match for $230 million. In 1987, Allegheny Ludlum became a public company via an initial public offering under chief executive Dick Simmons. In 1993, the company acquired Jessop Steel. Read more at https://en.wikipedia.org/wiki/Allegheny_Technologies
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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