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Public offering.(Brief Article)(Statistical Data Included)

Houston Business Journal

| November 03, 2000 | COPYRIGHT 1985 American City Business Journals, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

R&B Falcon Corp. will make a public offering of 16.3 million common shares to fund an offer to repurchase its 13.88 per cent senior cumulative redeemable preferred stock. The company's stock will be offered through Goldman Sachs & Co. at $24.75. per share R&B is offering $1,300 cash per share for all outstanding shares of the preferred stock. The offer began Oct. 2 and ends Nov. 29. The offer, is subject to …

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