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Prospect News home > News index > List of issuers T > Headlines for Tenders 2004 > News item |
Westport to redeem convertibles as part of merger
New York, April 7 - Westport Resources Corp. will redeem its outstanding 6½% convertible preferred stock as part of its merger with Kerr-McGee Corp.
The redemption will take place before the merger closes, according to a copy of the merger agreement filed with the Securities and Exchange Commission.
As of Sept. 30, 2003, Westport had $73.25 million of the convertibles outstanding, according to a 10-K filing with the SEC.
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