NORTHERN TELECOM <NT> TO REDEEM SOME PREFERREDS
Northern Telecom Ltd said it would
redeem its outstanding 2.1875 Canadian dlr cumulative
redeemable retractable class A series one preferred shares on
April 27 at 26.50 Canadian dlrs a share plus accrued dividends
of 0.012 dlrs a share.
    Northern Telecom issued the 4.4 mln shares in 1984 at 25
dlrs a share for total consideration of 110 mln dlrs.
 Reuter
