Dobson buys $246.97 million 12¼% preferreds in tender

New York, Oct. 31 - Dobson Communications Corp. said it closed its cash tender offer for its 12¼% senior exchangeable preferred stock and bought 246,967 shares.

The Oklahoma City wireless phone company paid a total of $263.4 million for the preferreds, including accrued dividends.

Dobson had been offering $1,061.25 per preferred tender in the offer. The expiration date was Oct. 30.

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