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Article: Celanese Corp. to redeem all outstanding shares subsequent to completion of the American Hoechst Corp. tender offer.
- Article from:
- PR Newswire
- Article date:
- February 26, 1987
CopyrightCOPYRIGHT 1987 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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NEW YORK, Feb. 26 /PRNewswire/ -- Celanese Corporation (NYSE: CZ) today announced that, as a result of the completion of the American Hoechst Corporation tender offer, it has called for redemption and will redeem all of the outstanding shares of its Series A preferred stock, par value $100 per share, on March 30, 1987, at a price of $100 per share plus accrued and unpaid dividends of $1.10 per share from Jan. 1 to March 30, 1987.
The company today mailed notices of redemption to all holders of Series A preferred and deposited in trust with ...