28 May 1998: US firm Owens-Illinois Inc. said it will make a public offering of common stock, convertible preferred stock, senior notes, and senior debentures totalling US$ 2.077 billion.
The company…
28 May 1998: US firm Owens-Illinois Inc. said it will make a public offering of common stock, convertible preferred stock, senior notes, and senior debentures totalling US$ 2.077 billion. The company said in a statement that the securities are being offered pursuant to a prospectus and prospectus supplements under the company“s US$ 4.0 billion shelf registration declared effective on 20 April. Proceeds from the offerings will be utilized to reduce bank borrowings, the company said. The glass containers maker announced the public offering of 13.8 million shares of common stock at a price of US$ 41.8125 per share.