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Article: COOPER INDUSTRIES SETS THE PRICE FOR COOPER CAMERON CORPORATION OFFER
- Article from:
- PR Newswire
- Article date:
- May 26, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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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HOUSTON, May 26 /PRNewswire/ -- Cooper Industries, Inc. (NYSE: CBE) announced today that its board of directors has set the terms of its proposed exchange offer for Cooper Cameron Corporation. Under the terms of the exchange offer, Cooper shareholders will be offered the opportunity to receive 2.25 shares of Cooper Cameron Corporation common stock for each share of common stock of Cooper Industries, up to 9,500,000 Cooper shares (approximately 8.1 percent of the Cooper shares currently outstanding). Following the exchange offer, Cooper will hold 14.5 percent of the Cooper Cameron shares. The offer, which is being made only by means of an offering circular - prospectus, is ...