INTL THOMSON <ITO.TO> PLANS PREFERRED ISSUE
International Thomson Organization Ltd
said it planned an issue in all of Canada except Quebec of two
mln 1.85 dlr cumulative redeemable retractable series one
preferred shares.
    It said that underwriters McLeod Young Weir Ltd and Wood
Gundy Inc agreed to acquire the issue at 25.568 dlrs a share,
with yield to retraction on October 15, 1991 of 7-1/8 pct a
year. The company said it also agreed to sell to the two
underwriters two mln 1.84375 dlr series four cumulative
redeemable retractable preferred shares, which will be resold
privately.
 Reuter
