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Article: Joseph E. Seagram & Sons, Inc. Announces Cash Tender Offer and Consent Solicitation for Its Senior Quarterly Income Debt Securities, QUIDS.
- Article from:
- Business Wire
- Article date:
- November 30, 2000
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Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 30, 2000
Joseph E. Seagram & Sons, Inc. (JES) today announced that it is commencing a cash tender offer and consent solicitation for its 8.00 percent Senior Quarterly Income Debt Securities due 2038 (QUIDS(1)),which have been guaranteed as to payment of principal and interest by The Seagram Company Ltd. (Seagram). JES is offering to pay in cash $26 for each $25 principal amount of QUIDS validly tendered and not properly withdrawn in accordance with the terms and subject to the conditions of the tender offer and consent solicitation. Tendering holders whose QUIDS are accepted for payment pursuant to the ...