Omega-Alpha, Inc.
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Certificate Details
Product Details
Company | Omega-Alpha, Inc. |
Certificate Type | Common Stock |
Date Issued | March 22, 1976 |
Canceled | Yes |
Printer | American Bank Note Company |
Signatures | Machine printed |
Approximate Size |
12" (w) by 8" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
Omega-Alpha, Inc. was a small and mysterious firm founded in 1971 by James Ling - the famous Dallas businessman who built the giant Ling-Temco-Vought. Ling was known for employing a tactic called "redeployment" when it came to his assets. He would buy a company, split it into multiple pieces, and then sell them off individually.
It appears the company was a holding company for a number of Ling assets including the Okonite Company, the Transcontinental Investing Company, the Harbor Boat Building Company and the General Felt Company.
The company plunged into bankruptcy in 1974 - thanks in part to an understated debt level that was inherited when the company purchased the Transcontinental Investing Company - and ultimately was bought by Ling`s arch-rival, financier Harold Simmons, also of Dallas.