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Wickes Cos. amended its stock swap offer.

January 07, 1986

The Santa Monica-based company said it will raise the number of shares of its convertible preferred stock, Series A, that it will accept in exchange for common stock to 2.5 million from the 1.6 million shares that it previously reported. Wickes said that, if more than 2.5 million shares of the preferred stock, or 3.6 million shares of $2.50 convertible exchangeable preferred stock, are tendered, it will accept all or part of the oversubscribed shares.

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