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HOLDERS OF KERR-MCGEE CONVERTIBLES CHOOSE STOCK

 OKLAHOMA CITY, Oct. 20 /PRNewswire/ -- Kerr-McGee Corp. (NYSE: KMG) said almost all the holders of its outstanding 7 1/4 percent convertible subordinated debentures due 2012 chose to receive common stock instead of cash. Of the $150 million total principal amount, $149.2 million will be converted into common stock at $45.30 per share. Following the conversion, the company will have an additional 3.3 million shares outstanding, an increase of about 7 percent.
 -0- 10/20/93
 /CONTACT: Paula Davis of Kerr-McGee, 405-270-3240/
 (KMG)


CO: Kerr-McGee Corp. ST: Oklahoma IN: OIL SU:

MC -- DV002 -- 4444 10/20/93 09:49 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:103
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