Combustion Engineering, Inc. - Specimen Stock Certificate
Inv# SE1764 Stock
Specimen Stock printed by American Bank Note Company. Available in Brown or Olive. Please specify color.
Combustion Engineering (C-E) was a multi-national American-based engineering firm that developed nuclear steam supply power systems in the United States. Originally headquartered in New York City, C-E moved its corporate offices to Stamford, Connecticut in 1973. C-E owned over three dozen other companies including Lummus Company, National Tank Company and the Morgan Door Company. The company was acquired by Asea Brown Boveri in early 1990. The boiler and fossil fuel businesses were purchased by Alstom in 2000, and the nuclear business was purchased by Westinghouse Electric Company also in 2000.
Combustion Engineering was organized in 1912 through the merger of the Grieve Grate Company and the American Stoker Company, two well-known manufacturers of fuel burning equipment. The company was originally headquartered on 11 Broadway and at 43 - 5 - 7 Broad Street (Manhattan), both in Lower Manhattan. The city block was leased from the Alliance Realty Company in April 1920. In May of the same year the firm began construction of an eight-story office building on the same site. Read more at https://en.wikipedia.org/wiki/Combustion_Engineering
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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