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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (1616)8/18/1998 1:44:00 PM
From: Benkea  Read Replies (1) | Respond to of 3627
 
Larry:

I really don't know anything about the repercussions of holding past 2/15/2001 and don't remember seeing it in the prospectus (although I am sure it is there).

" then one has a preferred stock that is no longer convertible and would lose its premium."

Please explain. What would they be worth? $50? The equivalent of 1 share? what?

Thanks


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