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 …
Questia, a part of Gale, Cengage Learning. www.questia.com
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. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.