|
|
Article: Beazer Homes USA, Inc. Announces a Cash Enhancement to Holders of Preferred Stock Who Convert to Common Stock.
- Article from:
- PR Newswire
- Article date:
- February 17, 1999
CopyrightCOPYRIGHT 1999 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)
|
ATLANTA, Feb. 17 /PRNewswire/ -- Beazer Homes USA, Inc. (NYSE: BZH BZH.PrA) announced today that it is offering each of the holders of the outstanding shares of its Series A Cumulative Convertible Exchangeable Preferred Stock (the "Preferred Stock") a cash enhancement of $.75 per share for each share of Preferred Stock converted to the Company's Common Stock on or before March 17, 1999.
Holders of Preferred Stock that convert their shares of Preferred Stock into shares of Common Stock at any time until 5:00 p.m. (New York City time) on March 17, 1999 shall receive 1.312336 shares of Common Stock and a cash payment of $.75 for each share of Preferred Stock. ...