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$125‐Million Stock Offer Set By Trans‐Canada Pipelines
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March 2, 1972, Page 57Buy Reprints
March 2, 1972, Page 57Buy Reprints
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TORONTO, March 1 (Canadian Press)—Trans‐Canada Pipelines, Ltd., announced today new issue of shares totaling $125‐million, believed to be the largest equity issue in Canadian history.
The company said it plans to sell 2.5‐million $2.65 cumulative redeemable second preferred shares, Series A, each with a par value of $50.
The company said proceeds of the offering will be used to pay its short‐term debt.
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