NDE Environmental Corp.NDE NDE Nondestructive Examination NDE No Diplomatic Exchange (US Department of State) NDE Near Death Experience NDE Nondestructive Evaluation (ultrasound material evaluation) Environmental Corp. of Torrance Torrance, industrial and residential city (1990 pop. 133,107), Los Angeles co., SW Calif.; inc. 1921. It has large aircraft and electronics industries. Among its many manufactures are aircraft, electronics, communications equipment, aluminum products, steel, and announced that it has reached preliminary agreement on the principal terms of a $5 million preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. private placement to a group of investors led by Spears Benzak Salomon & Farrell of 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 . NDE also announced that it had borrowed $250,000 from Spears Benzak to be paid back from the proceeds of their preferred stock financing. The financing is subject to completion of negotiations and execution of definitive agreements between NDE and the investors. |
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