Westport calls 6½% convertible preferreds

Pittsburgh, May 24 - Westport Resources Corp. said it will redeem all 2.93 million shares of its 6½% convertible preferred stock.

The redemption will occur on June 21 at a price of $25.65 per share, plus $0.03 per share in accrued and unpaid dividends.

The redemption was announced by the Denver oil and gas exploration and production company in connection with its proposed merger with Kerr-McGee Corp. The proposed merger is expected to close promptly following receipt of stockholder approval at special meetings scheduled for June 25.

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