Dissolution Plan for Edison Unit
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Edison International said Tuesday that its Edison Mission Energy Global Management Inc. unit in Irvine has scheduled a special shareholder meeting for Dec. 15 to vote on a plan of dissolution and liquidation.
Upon shareholder approval, holders of the 1,200 shares of preferred stock will receive an additional liquidation premium of $3,875 a share and accrued dividends to and including Dec. 20.
Edison said in a press release that the unit sold $120 million of its flexible money market cumulative preferred stock to institutional investors in May 1999.
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