Central Vermont to redeem all preferred stock as part of merger deal

By Ashley Montgomery

Kansas City, Kan., April 16 - Central Vermont Public Service Corp. will redeem all of its outstanding shares of series 4.15%, 4.65%, 4.75% and 5.375% preferred stock, according to an 8-K filed with the Securities and Exchange Commission.

The redemption is a requirement under the company's merger agreement with Gaz Metro LP and Danaus Vermont Corp., the filing said.

The stock will be redeemed on June 22 at par, plus premium and accrued dividends.

Central Vermont is an electric utility based in Rutland, Vt.

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