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CERIDIAN CORPORATION GIVES NOTICE OF REDEMPTION OF ITS 8 1/2 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES

 MINNEAPOLIS, Dec. 29 /PRNewswire/ -- Ceridian Corporation (NYSE: CEN) today announced that notice is being provided to the holders of its 8 1/2 percent convertible subordinated debentures due June 15, 2011 (the "debentures") that Ceridian has elected to redeem all of the outstanding debentures. The redemption date will be Jan. 18, 1994, and the redemption price will be 102.55 percent of the principal amount of the debentures, together with accrued interest to the redemption date.
 The debentures are convertible into Ceridian common stock at the conversion price of $24.06 per share of common stock. The right to convert debentures called for redemption will terminate at the close of business on the redemption date, and interest will cease to accrue on the debentures on and after the redemption date. Debentures may be surrendered for payment of the redemption price, plus accrued interest, or may be surrendered for conversion at The Bank of New York, trustee for the debentures.
 The amount required to redeem the debentures was obtained by Ceridian from its recently completed offering of 4.4 million depository shares, which were sold to the public at a price of $50 per share, for an aggregate offering amount of $220 million.
 Ceridian is a data services company that provides information management and employer services. Its businesses include Ceridian Employer Services, The Arbitron Company and Computing Devices International.
 -0- 12/29/93
 /CONTACT: John Grierson, Ceridian Corporation, 612-853-5265/
 (CEN)


CO: Ceridian Corporation ST: Minnesota IN: PUB SU:

CP -- MN001 -- 7715 12/29/93 08:28 EST
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Publication:PR Newswire
Date:Dec 29, 1993
Words:256
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