INVESTORS SAVINGS CORP. EXTENDS EXCHANGE OFFER
INVESTORS SAVINGS CORP. EXTENDS EXCHANGE OFFER WAYZATA, Minn., Nov. 8 /PRNewswire/ -- Investors Savings Corp.
(NASDAQ: INVS) announced that it has determined to extend the date on which its
outstanding exchange offer expires to Nov. 15, 1991, two days later than its initial expiration date. Tenders of the 12.75 percent Subordinated Capital Notes due 1999 of Investors Savings Bank, F.S.B. in exchange for Units, each consisting of one share of Cumulative Perpetual Preferred Stock, Series 1991 and one warrant to purchase one-half share of common stock of the company, as described in the Prospectus dated Oct. 15, 1991, must be received by Norwest Bank National Association, the Exchange Agent, by 5 p.m. on such extended expiration date.
James M. Burkholder, president and chief executive officer of Investors, noted that the extension was made because of a slight delay in initially delivering prospectuses relating to the offer. Burkholder indicated that no letters of transmittal have been received by the exchange agent. Nevertheless, the company believes that it is typical in transactions in which substantial portions of the securities are held in street name not to receive such letters of transmittal until at or near the expiration date. -0- 11/8/91 /CONTACT: James M. Burkholder of Investors Savings Corp., 612-475-8500/ (INVS) CO: Investors Savings Corp. ST: Minnesota IN: FIN SU: AL-JS -- MN010 -- 2707 11/08/91 16:25 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 8, 1991|
|Previous Article:||PLAINS RESOURCES ANNOUNCES PUBLIC OFFERING OF COMMON STOCK|
|Next Article:||FAY'S INCORPORATED ESTIMATES THIRD QUARTER EARNINGS TO BE BELOW EXPECTATIONS|