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Article: IMC seeks increased share value by developing businesses and refining capital structure, chairman tells New York Society of Security Analysts. (International Minerals & Chemical Corp.; George D. Kennedy)
- Article from:
- PR Newswire
- Article date:
- November 30, 1988
CopyrightCOPYRIGHT 1988 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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IMC SEEKS INCREASED SHARE VALUE BY DEVELOPING BUSINESSES AND REFINING CAPITAL STRUCTURE, CHAIRMAN TELLS NEW YORK SOCIETY OF SECURITY ANALYSTS
NEW YORK, Nov. 30 /PRNewswire/ -- International Minerals & Chemical Corporation (IMC) (NYSE: IGL) has used a significant portion of more than $1.2 billion in proceeds from the spinoff of and subsequent moves related to IMC Fertilizer Group, Inc. to reduce its debt, buy back common stock, and expand Mallinckrodt and Pitman-Moore, IMC Chairman and Chief Executive Officer George D. Kennedy told the New York Society of Security Analysts late yesterday afternoon.
He added that IMC's current position of ...