DRESSER INDUSTRIES ANNOUNCES DEBENTURE REDEMPTION
DRESSER INDUSTRIES ANNOUNCES DEBENTURE REDEMPTION DALLAS, Jan. 24 /PRNewswire/ -- Dresser Industries, Inc. (NYSE: DI)
today announced that it will redeem on March 2, 1992, $62.5 million in principal amount of its outstanding 11-3/4 percent Sinking Fund Debentures due 2007.
Dresser said the redemption price will be 106.24 percent of the principal amount plus accrued interest. That will produce an aggregate price of $1,101.89 per $1,000 principal amount of the debentures. Headquartered in Dallas, Dresser is a major supplier of highly engineered products and services primarily utilized in energy-related activities throughout the world. -0- 1/24/92 /CONTACT: Kenneth C. Rueckert of Dresser Industries, 214-740-6757/ (DI) CO: Dresser Industries, Inc. ST: Texas IN: SU: SH -- NY069 -- 3395 01/24/92 15:19 EST
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|Date:||Jan 24, 1992|
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