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Article: Pacific Enterprises announces preferred stock redemption.
- Article from:
- Business Wire
- Article date:
- May 16, 1995
CopyrightCOPYRIGHT 1995 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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LOS ANGELES--(BUSINESS WIRE)--May 16, 1995--Pacific Enterprises (NYSE:PET) Tuesday announced that it will redeem all outstanding shares of its $7.64 dividend preferred stock on June 19, 1995, at a redemption price of $101 per share, plus accrued and accumulated dividends to the date of the redemption.
The total cost to the company is expected to be about $30.7 million, said Willis B. (Bill) Wood Jr., Pacific Enterprises chairman and chief executive officer.
A total of 300,000 shares ...