Texas Instruments Inc, Dallas, Texas says it will redeem 1,500 shares of its auction-rate preferred stock, with an aggregate liquidation value of $150m, using proceeds from the $150m of 9% notes due 2001 issued on March 20, 1991; the aim is to provide a combination of debt and preferred stock financing that is more cost-effective […]
Texas Instruments Inc, Dallas, Texas says it will redeem 1,500 shares of its auction-rate preferred stock, with an aggregate liquidation value of $150m, using proceeds from the $150m of 9% notes due 2001 issued on March 20, 1991; the aim is to provide a combination of debt and preferred stock financing that is more cost-effective for Texas.
