Fluor announces full mandatory conversion of series a 6.50% cumulative perpetual convertible preferred stock

Irving, texas--(business wire)--fluor corporation (nyse: flr) (the “company” or “fluor”) announced today that it has exercised its mandatory conversion rights on its outstanding series a 6.50% cumulative perpetual convertible preferred stock (the “preferred stock”). all of the outstanding shares of preferred stock will automatically convert to shares of the company's common stock, $0.01 par value (“common stock”) plus a cash payment equal to the mandatory conversion make-whole amount, effective.
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