Corporates Step Up For New Hybrids

Lewis, Janet
December 2005
Investment Dealers' Digest;12/19/2005, Vol. 71 Issue 48, p9
Trade Publication
The article presents information about Burlington Northern Santa Fe Corp.'s $500 million issue last week. Burlington Northern's move follows a $450 million offering by Stanley Works last month. The move comes one week after the board of directors of Burlington Northern extended the company's share repurchase program by an additional 30 million shares, worth about $2 billion, as of last week. The company will use up to 75% of the proceeds to buy back its stock, while the remaining amount will go for general corporate purposes.


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