Business Services Industry
Pacific Enterprises details plans to redeem preferred stock
Business Wire, Feb 7, 1996
LOS ANGELES--(BUSINESS WIRE)--Feb. 7, 1996--Pacific Enterprises, parent firm of Southern California Gas Co. (SoCalGas), Wednesday provided additional details regarding the redemption of up to $210 million of preferred stock the company plans to redeem.
The shares to be redeemed consist of the remaining $110 million of Pacific Enterprises remarketed preferred stock and $100 million of SoCalGas auction preferred stock. The remarketed and auction preferred stock is not listed on any stock exchange.
In addition to SoCalGas, the nation's largest natural-gas distribution utility, Pacific Enterprises owns interstate and offshore natural-gas pipeline operations and interests in alternative-energy operations.
CONTACT: Pacific Enterprises, Los Angeles
Tom Sanger, 213/244-2160 (media)
Clem Teng, 213/244-3966 (investors)
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