Metromedia International Group (MMG) Looking for Opinions Message Board

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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions

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To: Elayne Shochet Tatar who wrote (52)	7/18/1997 11:38:00 PM
From: Elayne Shochet Tatar	of 353

Now THIS action should improve value of the stock, and maybe send price of stock up! Dow Jones Newswires -- July 18, 1997 Metromedia To Redeem All $140M Outstanding Debs EAST RUTHERFORD, N.J. (Dow Jones)--Metromedia International Group Inc. (MMG) plans to redeem all $140 million of its outstanding subordinated debentures next month. In a press release Friday, the company said it will redeem Aug. 10, at par plus accrued interest, its 9 1/2% subordinated debentures due Aug. 1, 1998, and its 10% subordinated debentures due Oct. 1, 1999. The company said it will redeem on Aug. 20, its 6 1/2% convertible subordinated debentures due Aug. 1, 2002. Metromedia International Group is a communications, media and entertainment company. Copyright c 1997 Dow Jones & Company, Inc. All Rights Reserved.

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