Printer Friendly

KIRBY CORPORATION MAKES ANNOUNCEMENT

 HOUSTON, June 7 /PRNewswire/ -- Kirby Corporation (AMEX: KEX) announced today that the holders of the entire $50 million aggregate principal amount of its 7-1/4 percent Convertible Subordinated Debentures Due 2014, which had been called for redemption on June 4, 1993, elected to convert such Debentures into Common Stock of Kirby at a conversion price of $11.125 per share prior to the close of business on May 27, 1993, the fifth business day prior to the date fixed for redemption.
 Any holder of $1,000 principal amount of Debentures received Common Stock (and cash in lieu of fractional shares) having a market value based on the closing price on the American Stock Exchange on June 4, 1993 of $1,539.33.
 The conversion of the Debentures increased the issued and outstanding Common Stock of Kirby by 4,494,372 shares. As of June 4, 1993, 28,148,173 shares of Common Stock were outstanding.
 Kirby is engaged, through its subsidiaries, in marine transportation, operating U.S. flag vessels on the inland waterway system of the United States and in United States coastwise and foreign trade, diesel repair and property and casualty insurance.
 -0- 6/7/93
 /CONTACT: Steve Holcomb of Kirby Corporation, 713-629-9370/
 (KEX)


CO: Kirby Corporation ST: Texas IN: TRN SU:

MP -- NY028 -- 5926 06/07/93 10:15 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 7, 1993
Words:222
Previous Article:LASERMEDICS TO ACQUIRE EXCLUSIVE WORLD RIGHTS TO THE MICROLIGHT 830 LASER AND OTHER LASER PRODUCTS
Next Article:M-WAVE CHAIRMAN AND CEO NEGOTIATING THE SALE OF HIS 930,000 SHARES OF COMMON STOCK
Topics:


Related Articles
KIRBY CORPORATION MAKES ANNOUNCEMENT
KIRBY CORPORATION MAKES ANNOUNCEMENT
KIRBY CORPORATION DISCONTINUES CONTAINERSHIP SERVICE
KIRBY CORP. COMPLETES PURCHASE FROM THE DOW CHEMICAL COMPANY
Kirby Corporation Announces Impact of Recent Flooding
Kirby Corporation Provides Guidance for 2000 Third Quarter.
Kirby Corporation Announces Expansion of Diesel Engine Services Distributorship With the Electro-Motive Division of General Motors.
Kirby Corporation 2001 Third Quarter Net Earnings Guidance Increased To $0.45 - $0.47 Per Share.
Kirby Corporation to Announce 2001 Third Quarter Results on October 18, 2001.
Kirby Corporation to Announce 2001 Fourth Quarter and Year Results On January 31, 2002.

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