Wabash calls for redemption of stock
Dec 4, 2003 12:00 PM
Wabash National Corporation announced that it has called for the redemption of all outstanding Series B 6% Cumulative Convertible Exchangeable Preferred Stock. The Series B Preferred shares will be redeemed, unless earlier converted, on December 30, 2003, at a price of $50 per share, plus any accrued and unpaid dividends. As of November 18, 2003, there were 351,994 Series B Preferred shares outstanding. The Series B Preferred Shares may be converted into common shares of Wabash prior to the redemption date at a conversion price of $21.375 per share.
