Aon Corporation makes announcement.CHICAGO--(BUSINESS WIRE)--October 15, 1996--Aon Corporation, as previously announced, will exercise its right to redeem all of its 6-1/4% Cumulative Convertible Exchangeable Preferred Stock Convertible exchangeable preferred stock Convertible preferred stock that may be exchanged, at the issuer's option, into convertible bonds that have the same conversion features as the convertible preferred stock. (the "6-1/4% Stock") on November 1, 1996. Holders of the 6-1/4 Stock, who become holders of record after the October 18, 1996 record date, and who submit such 6-1/4% Stock for conversion into 1.22 shares of Aon Common Stock prior to November 1, 1996, will be required to remit $0.13 per share (one sixth of the $0.78125 per share dividend payable November 1, 1996). Aon Corporation (Symbol: AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is an insurance services holding company owning a family of insurance brokerage, consulting and consumer insurance companies. Aon securities are listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and London Stock Exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . CONTACT: AON Corporation, Chicago William J. Fasel, 312/701-3983 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion