Smurfit Stone Container Corporation (SSCC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Smurfit Stone Container Corporation (SSCC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Stavy who wrote (3)	11/29/1998 11:53:00 AM
From: Michael Stavy	Read Replies (1) of 17

The STO Pref E is a small issue. It is an equity of STO Corp, a sub of SSCC, not an equity of SSCC, itself. The Pref E now has the right to elect two board members to the STO board, not to the SSCC Board. The current call price is 25.7. There are 4.6 million shares out. The will cost SSCC $118 million plus the unpaid dividends of 1.75 times 2 years times 4.6 million which is $16 million. Check my numbers to make sure that I am correct.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next