OTHER NEWS - Oct. 8, 1991
From Times Staff and Wire Reports
Ford Offers New Preferred: Ford Motor Co. said it plans to sell at least $750 million in convertible preferred stock, a move analysts described as a way to take advantage of the prevailing lower interest rates in its debt financing. Ford filed a registration statement for the public offering with the Securities and Exchange Commission. The auto maker has announced heavy capital spending to overhaul its cars and trucks by the mid-1990s. The date of the stock sale, being underwritten by Goldman Sachs and Merrill Lynch, hasn’t been set.
