Printer Friendly

QUANEX FILES REGISTRATION STATEMENT WITH SEC FOR $75 MILLION CONVERTIBLE EXCHANGEABLE PREFERRED STOCK

 QUANEX FILES REGISTRATION STATEMENT WITH SEC FOR $75 MILLION
 CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
 HOUSTON, April 17 /PRNewswire/ -- Quanex Corporation (NYSE: NX) today announced that it filed a registration statement on Form S-3 with the Securities and Exchange Commission to register a public offering of $75 million aggregate liquidation preference of cumulative convertible exchangeable preferred stock and additional preferred stock with aggregate liquidation preference of $11.3 million to cover over- allotments.
 The preferred stock will be convertible into shares of common stock of the company. The preferred stock will also be exchangeable, at the company's option, on any dividend payment date commencing June 30, 1995, for convertible subordinated debentures due 2007. The issue will consist of three million units of $25 liquidation preference depositary convertible exchangeable preferred shares, each representing one-tenth share of cumulative convertible exchangeable preferred stock. Donaldson, Lufkin & Jenrette; Bear, Stearns & Co., Inc.; and C.J. Lawrence Inc. will be the managing underwriters in connection with the offering.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may any offer to buy be accepted prior to the time the registration statement becomes effective. This communication does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus with respect to the company's offering may be obtained from Investor Relations, Quanex Corporation, 1900 W. Loop South, Suite 1500, Houston, TX 77027, 800-231-8176, or in Texas, 800-392-5211.
 Corporate Profile
 Quanex is a technological leader in the manufacture of steel, aluminum and titanium specialty metal products for transportation, capital equipment, home building and remodeling and energy processing markets.
 -0- 4/17/92
 /CONTACT: W. F. Cleary of Quanex, 713-660-9327/
 (NX) CO: Quanex Corporation ST: Texas IN: MNG SU: OFR


GK -- NY018 -- 9711 04/17/92 14:24 EDT
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 17, 1992
Words:349
Previous Article:DI GIORNO PASTAS & SAUCES TO BE SERVED AT BOSTON MARATHON CARBO-LOAD DINNER AND POST-RACE DANCE PARTY
Next Article:REBA MCENTIRE TICKETS TO GO ON SALE APRIL 24


Related Articles
QUANEX INTENDS TO CALL 9-1/8 PERCENT CONVERTIBLE DEBENTURES FOR REDEMPTION UPON COMPLETION OF PREVIOUSLY ANNOUNCED SECURITIES OFFERING
WESTMORELAND COAL FILES REGISTRATION STATEMENT WITH SEC FOR CONVERTIBLE PREFERRED STOCK OFFERING
QUANEX CONVERTIBLE EXCHANGEABLE PREFERRED STOCK IS PRICED AND GOES 'EFFECTIVE'
QUANEX COMPLETES OFFERING OF CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
OFFSHORE PIPELINES ANNOUNCES FILINGS FOR SENIOR NOTES AND CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
QUANEX'S RESULTS CONFIRMS EARLIER ANNOUNCEMENT; FOURTH QUARTER EARNINGS ARE EXPECTED TO DECLINE, COMMON AND PREFERRED DIVIDENDS DECLARED
SNYDER OIL FILES CONVERTIBLE PREFERRED OFFERING
INTERPOOL PLANNING PUBLIC OFFERING OF $70 MILLION OF CONVERTIBLE EXCHANGEABLE SUBORDINATED NOTES
KAISER ALUMINUM CORPORATION AND OPERATING SUBSIDIARY FILE AMENDED REGISTRATION STATEMENTS
Quanex Corporation Announces Filing of Registration Statement Relating to Its Convertible Debentures.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters