Dobson buys back $46.1 million 12¼% preferreds

New York, Dec. 24 - Dobson Communications Corp. said it has signed an agreement to buy back $46.1 million liquidation preference of its 12¼% senior exchangeable preferred stock.

The Oklahoma City wireless phone company will pay $48.9 million for the securities.

Dobson said it expects to close the private transaction by the end of the year.

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