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Technology Stocks : Thiokol now Cordant Techologies (CDD)
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To: HairyWho? who wrote (14)2/17/1998 2:28:00 PM
From: Carmine Cammarosano  Read Replies (1) of 127
 
OGDEN, Utah, Feb. 17 /PRNewswire/ -- Thiokol Corporation (NYSE: TKC) announced plans today to issue $150 million of ten-year unsecured senior notes through a public debt offering. The offering represents a drawdown of the $300 million universal shelf registration that the company filed with the SEC in October of 1996. The proceeds of the offering will be primarily used to pay down bank debt the Company incurred last November with the purchase of an additional 13 percent of Howmet International Inc. common stock.
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