Printer Friendly

BINDLEY WESTERN INDUSTRIES, INC. COMPLETES DEBENTURE CONVERSION

 BINDLEY WESTERN INDUSTRIES, INC.
 COMPLETES DEBENTURE CONVERSION
 INDIANAPOLIS, April 3 /PRNewswire/ -- Bindley Western Industries, Inc. (NASDAQ: BIND) announced today that the holders of all but $546,000 principal amount of its approximately $53.2 million of 8-5/8 percent Convertible Subordinated Debentures due 2010 ("Debentures") called for redemption on April 2, 1992 had elected the right to convert their debentures into common stock at the rate of 68.3 shares of common stock for each $1,000 principal amount of debentures. The approximately $546,000 of debentures not converted were redeemed by the company. The company elected not to sell any shares of common stock under the Standby Purchase Agreement with Salomon Brothers Inc. to cover the cost of the debentures redeemed.
 Indianapolis-based Bindley Western, with 1991 revenues of $2.4 billion, is one of the largest drug wholesalers in the United States, specializing in the distribution of ethical pharmaceuticals and related products. The firm serves customers in 39 states through distribution centers in Atlanta; Brockton, Mass.; Charlotte, N.C.; Dallas; Houston; Indianapolis; Middletown, Pa.; Orlando, Fla.; Phoenix, Ariz.; Portland, Maine; San Dimas, Calif. and Stamford, Conn.
 -0- 4/3/92
 /CONTACT: Sue Goebel of Bindley Western Industries, Inc., 317-298-9900/
 (BIND) CO: Bindley Western Industries, Inc. ST: Indiana IN: REA SU:


KK -- CL005 -- 4763 04/03/92 10:18 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 3, 1992
Words:220
Previous Article:NOTE: Following is a corrected version of MN001, Triumph of Humanity, moved earlier today. Please note the change in the final two graphs and the...
Next Article:FIRST CUSTOMER AWAITS IKEA FONTANA GRAND OPENING
Topics:


Related Articles
BINDLEY WESTERN INDUSTRIES, INC. 8-5/8 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2010
BINDLEY WESTERN INDUSTRIES, INC. DECLARES CASH DIVIDEND
BINDLEY WESTERN INDUSTRIES, INC. OFFERS $65 MILLION OF 6-1/2 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2002
BINDLEY WESTERN INDUSTRIES, INC. DECLARES CASH DIVIDEND
BINDLEY WESTERN INDUSTRIES ANNOUNCES 33 PERCENT INCREASE IN CASH DIVIDEND
BINDLEY WESTERN INDUSTRIES, INC. DECLARES CASH DIVIDEND
BINDLEY WESTERN INDUSTRIES, INC. DECLARES CASH DIVIDEND
Bindley Western Industries, Inc. to Call For Redemption
Bindley Western Industries, Inc. Completes Debenture Conversion
Bindley Western Industries, Inc. Approves 4-For-3 Stock Split -- Increases Cash Dividend By 33%

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters