Corning Inc. Files Automatic Mixed Securities Shelf
Corning Inc. (GLW) on Monday filed an automatic shelf registration with the Securities and Exchange Commission to sell, from time to time, an undisclosed amount of mixed securities.
The mixed securities include debt securities and warrants, equity warrants, preferred and common stock and depositary shares.
The company said it will use proceeds from the sale for general corporate purposes, which may include the repayment or reduction of indebtedness, repurchase of company common stock, working capital requirements, financing acquisitions, and the funding of a portion of its ongoing capital spending program.
Shares of the Corning, N.Y.-based glass and ceramics company closed Monday at $8.50, down 5.66%.
-Brian Kalish; Dow Jones Newswires; 202-862-1350; brian.kalish@dowjones.com
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(END) Dow Jones Newswires
December 01, 2008 16:35 ET (21:35 GMT)
Publié le 01 Décembre 2008 Copyright © 2008 Dowjones
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