Wabash National says all 6% convertible preferreds exchanged for stock ahead of call

New York, Jan. 7 - Wabash National Corp. said holders of all $17.6 million of its 6% series B cumulative convertible exchangeable preferred stock exchanged their securities for common stock ahead of the redemption.

As a result, the Lafayette, Ind., truck trailer manufacturer issued 823,000 shares of common stock.

The company said on Dec. 1 it would redeem the convertible preferreds on Dec. 30 at a price of par of $50 per share plus accrued dividends.

Holders could convert the preferreds into common stock at a price of $21.375 per share.

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