|
|
Article: PRIME RETAIL ANNOUNCES FINAL RESULTS OF EXCHANGE OFFER FOR SERIES B CONVERTIBLE PREFERRED STOCK
- Article from:
- PR Newswire
- Article date:
- June 27, 1996
CopyrightCOPYRIGHT 1996 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)
|
BALTIMORE, June 27 /PRNewswire/ -- Prime Retail, Inc. (the "Company") (Nasdaq: PRME, PRMEP) today announced the final number of shares of its outstanding 8.5% Series B Cumulative Participating Convertible Preferred Stock (the "Convertible Preferred Stock") validly tendered and not withdrawn in its registered exchange offer to exchange shares of its Common Stock ("Common Stock") for up to 4,209,000 shares, or 60%, of its Convertible Preferred Stock. The Exchange Offer expired by its terms on June 24, 1996.
Wilmington Trust Company, the exchange agent for the Exchange Offer, previously provided a report to the Company that did not include a valid tender of 572,152 ...