Wilson to Issue Shares; Expand with Purchases
Robinson, Robin, THE JOURNAL RECORD
A new issue of 1.6 million shares of convertible exchangeable preferred stock was proposed Monday by Wilson Foods Corp. in a registration statement and prospectus filed with the Securities and Exchange Commission.
The proposed offering is expected to recoup $40 million in new equity for the Oklahoma City-based food processor - with a subsequent boost in credit line - both to be used to broaden Wilson's product lines through acquisitions, said Vincent P. Cotter, executive vice president and chief financial officer.
Wilson itself has been a takeover target of Doskocil Companies Inc. of Hutchinson, Kan., another food processing company. Doskocil announced in …
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Publication information:
Article title: Wilson to Issue Shares; Expand with Purchases.
Contributors: Robinson, Robin - Author.
Newspaper title: THE JOURNAL RECORD.
Publication date: July 12, 1988.
Page number: Not available.
© 2009 THE JOURNAL RECORD.
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