Huntington exchanges common shares for some 8.5% convertible preferreds

By Devika Patel

Knoxville, Tenn., March 30 - Huntington Bancshares Inc. will exchange 8,524,800 common shares for 37,200 of its 8.5% series A non-cumulative perpetual convertible preferred shares, according to an 8-K filed Monday with the Securities and Exchange Commission.

The exchanges, which were arranged on March 26 and March 27, will settle by April 2.

Huntington is a Columbus, Ohio-based multi-state diversified financial holding company.

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