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Tenet Healthcare Corporation Announces Offering to Sell Mandatory Convertible Preferred Stock.

Publication: Business Wire
Publication Date: 21-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DALLAS -- Tenet Healthcare Corporation (NYSE: THC) announced today that it has commenced a public offering, subject to market and other conditions, of $300 million of mandatory convertible preferred stock. The offering will consist of 300,000 shares with a liquidation preference of $1,000 per share. The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the offered amount of shares of mandatory convertible preferred...

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