Summary
Northrop Grumman Corporation (NOC) announced on February 20, 2008, its decision to redeem all outstanding shares of its Series B Convertible Preferred Stock. This redemption is scheduled to take effect on April 4, 2008. This action will impact holders of this specific preferred stock, who will need to follow outlined procedures to receive their redemption value. Investors holding the Series B Convertible Preferred Stock should carefully review the redemption notice to understand their rights and the necessary steps to be taken. The filing provides references to the official press release and the redemption notice for detailed information.
Key Highlights
- 1Northrop Grumman is calling for the redemption of all outstanding Series B Convertible Preferred Stock.
- 2The redemption date is set for April 4, 2008.
- 3The company issued a press release on February 20, 2008, to announce this redemption.
- 4A Notice of Redemption detailing the procedures has been sent to holders of record.
- 5This event is reported under Item 8.01 (Other Events) of the 8-K filing.