Salt Lake Telegram | 1930-01-27 | Page 12 | Republic Steel Company Finance Plan Announced

Republic Steel Company Finance Plan Announced NEW YORK TORK Jan 27 AP The AP-The The New few York Evening Evening Post says today that hat capitalization of ot tho new neo Republic Steel corporation organized by Cyrus Eaton to merge mergo I four our middle west vest west steel companies will consist of oC wf consIst approximately approximate 2000 00 no par common shares In tn 6 per cent cent cumulative convertible con- con preferred stock tock and 60 In underlying debt dehL Official of or the tho 4 merger merser terms term Is 18 expected late Jfe to today today today to- to day by Otis Co Invest Invest- nent ment bankers banker who ho head tho the bank bank- blk- blk in Ing ng group organized to underwrite I ho the exchange e of oC securities Thero There will 1 be no bond Issue and md I no increase In Sn the funded debt debt of ol tho ho companies being brought to together to- to gether ether No immediate public offer offer- ing in inoC UK of oC securities is planned I I I Tho The units unis of oC the merger are th the Republic Iron and Steel company Central Ala Alloy Steel corporation Fuler Fuller Bourne com company an and the Donner Steel company Inc