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Biotech / Medical : Monsanto Co.

MTC 2.350

-7.1%

Nov 14 9:30 AM EST

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To: jopawa who wrote (601)	11/24/1998 10:50:00 AM
From: Anthony Wong	Read Replies (2) of 2539

Monsanto Sells $700 Million of 6.5% Convertible Preferreds Bloomberg News November 24, 1998, 10:13 a.m. ET Princeton, New Jersey, Nov. 24 (Bloomberg) -- The following preferred issue went on sale yesterday: Issuer: Monsanto Co. Manager(s): Goldman, Sachs & Co. Amount: 17.5 million shares totaling $700 million Type: ACES (Automatically Convertible Securities) Dividend: 6.5 percent Issue Price: $40 Conversion Price: $48.80 Premium: 22 percent Maturity: Nov. 30, 2001 Settlement: Nov. 30, 1998 Early Redemption: Non-Callable --Brett Andersen in the Princeton newsroom (609)279-3462

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