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Article: Hexcel Corporation Announces Conversion of Preferred Stock into Common Stock.
- Article from:
- Business Wire
- Article date:
- December 29, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STAMFORD, Conn. -- Hexcel Corporation (NYSE/PCX: HXL) announced that, at its request, the holders of its Series A Convertible Preferred Stock converted all preferred stock held by them into Hexcel common stock, effective today.
Investment funds affiliated with Goldman Sachs converted 42,324 shares of preferred stock into approximately 14.1 million common shares, and affiliates of Berkshire Partners LLC and Greenbriar Equity Group LLC converted 28,405 shares of preferred stock into approximately 9.5 million common shares. After the conversion, both the Goldman Sachs investors and the Berkshire/Greenbriar investors continue to hold the same percentage of Hexcel's ...