Brajdas Corp. Raises $6.9 Million in Stock Sale

Brajdas Corp. said it sold 6.9 million shares of its common stock for $6.9 million in a private sale that is part of a plan by the Woodland Hills-based electronic parts distributor to acquire three companies.

The stock was sold to BJRS Investment Holding Corp., which already was Brajdas’ largest stockholder. BJRS is an affiliate of Barclay & Co., a San Francisco export-import concern unrelated to Barclay’s Bank PLC of Britain. Donald I. Zimmerman is Barclay & Co.’s president and Brajdas’ chairman, respectively.

Brajdas needed the cash infusion from the stock sale to complete its proposed purchase of three affiliated electronic companies in Santa Clara: ProProm Inc., Koral International Corp. and Adlar Turnkey Manufacturing Corp., known collectively as ATMC.

Brajdas--whose principal unit, Cypress Electronics, is also based in Santa Clara--announced a tentative agreement for the proposed purchase last July. The company said talks toward reaching a definitive merger agreement are continuing.

Brajdas said it plans an additional private sale of stock after its annual stockholders’ meeting, which is expected to occur in January.