Hollinger lacks money to redeem share issue

Article Abstract:

Hollinger Inc., the holding company owned by Conrad Black, is unable to pay shareholders who are tring to cash in their securities. Hollinger announced it will suspend redemption of its series III preferred shares because of liquidity problems.

---

Hollinger lacks money to redeem share issue

Article Abstract:

Hollinger Inc., which is controlled by Conrad Black, announced a suspension of redemptions of its preferred stock. The decision, which is related to a liquidity issue, applies to owners of 2.8 million shares of series III preferred stock.

---

Share ownership on the rise

Article Abstract:

Nearly 50 percent of Canadians own stocks, an increase of 12 percent from 1996, as investing has become easier.

Statistical Data Included, Economic aspects, Stocks, Statistics, Investments, Illustration, Consumer behavior

Similar abstracts:

• Abstracts: E-shopping trickles into mainstream. MP3 shares dive 40% on court ruling
• Abstracts: Transcontinental's big U.S. adventure. OSC sheds light on Marchment case
• Abstracts: Canadian law firms compete to attract lucrative U.S. deals. Biovail hits SAC with $4.6-billion suit. Brain drain? Statscan calls it a wash
• Abstracts: Air Canada told to look at bid fairly. UAL to buy most of US Airways

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.