Wabash calls for redemption of stock

Wabash National Corporation announced that it has called for the redemption of all outstanding Series B 6% Cumulative Convertible Exchangeable Preferred Stock. The Series B Preferred shares will be redeemed, unless earlier converted, on December 30, 2003, at a price of $50 per share, plus any accrued and unpaid dividends. As of November 18, 2003, there were 351,994 Series B Preferred shares outstanding.The Series B Preferred Shares may be converted into common shares of Wabash prior to the redemption date at a conversion price of $21.375 per share.

TAGS: Trailers
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish