Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who started this subject	9/3/2003 12:38:57 AM
From: richardred	of 7260

DJ Lockheed Martin Registers $1B Of Conv Debs For Holders Dow Jones News Service ~ August 28, 2003 ~ 5:53 pm EST WASHINGTON (Dow Jones)--Lockheed Martin Corp. (LMT) registered to offer $ 1 billion of its floating rate convertible senior debentures due 2033 on behalf of certain holders, according to a registration statement released by the Securities and Exchange Commission Thursday. The company also registered 13 million common shares issuable upon conversion of the debentures, the filing said. The debentures were issued to the registering holders in a private placement on Aug. 13. Lockheed Martin won't receive any proceeds from the resale of the securities. The company said it intends to use the net proceeds for general corporate purposes, which may include debt reduction, working capital, capital expenditures or acquisitions. Bethesda, Md.-based Lockheed Martin is a defense and aerospace company. - Dan Lowrey; Dow Jones Newswires; 202-862-1345; dan.lowrey@dowjones.com (END) Dow Jones Newswires

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