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AHMANSON PRICES $250 MILLION CONVERTIBLE PREFERRED STOCK OFFERING

 IRWINDALE, Calif., July 30 /PRNewswire/ -- H.F. Ahmanson & Co. (NYSE: AHM), parent company of Home Savings of America, the nation's largest savings institution, announced today that it has priced 5 million depositary shares representing its Cumulative Convertible Preferred Stock, Series D. The underwriters have an option to purchase 750,000 additional shares to cover over-allotments, if any.
 Dividends are payable quarterly at an annual rate of 6.00 percent.
 The shares are convertible into Common Stock at $24.335 per common share, representing a 24.00 percent conversion premium over the last sale price of the company's Common Stock on the New York Stock Exchange of $19.625.
 It is expected that the shares will be listed for trading on the New York Stock Exchange.
 The shares, which are being underwritten by an underwriting group led by The First Boston Corp. and includes Bear, Stearns & Co. Inc., Goldman, Sachs & Co., Lehman Brothers and Merrill Lynch & Co., are noncallable for five years.
 The shares have been rated "baa3" by Moody's Investors Service and "BBB-" by Standard and Poor's Corp.
 H.F. Ahmanson & Co., with $50.0 billion in assets, is the parent company of Home Savings of America. Home's $38.6 billion deposit base is the largest of any U.S. savings bank. It operates 367 savings branches in nine states and 88 mortgage lending offices in 13 states.
 -0- 7/30/93
 /CONTACT: Mary Trigg (media), 818-814-7922, or Steve Swartz (investors), 818-814-7986, both of H.F. Ahmanson & Co./
 (AHM)


CO: H.F. Ahmanson & Co. ST: California IN: FIN SU: OFR

LS-MF -- LA005 -- 7607 07/30/93 09:01 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
Words:269
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