RETAILING
From Times Staff and Wire Reports
Carter Hawley Calls Shareholder Meeting: Carter Hawley Hale Stores, operator of the Broadway department store chain, said its board set the meeting for Feb. 25 to consider issuing up to 11,792,453 common shares. The shares would be available to holders of the company’s convertible senior subordinated notes. Carter Hawley in December, 1993, issued $143.7 million in notes, which can be converted to common stock for $12.19 per share or held until the due date of Dec. 31, 2000. A shareholder majority is required for the stock issue. The Los Angeles-based retailer’s two largest shareholders, who control 60% of the share votes, have indicated they favor the stock issue.
