Salomon also owns 21.7 million shares of convertible preferred stock.

The holding is in the form of a new issue of convertible preferred stock.

Under the new deal, it will buy convertible preferred stock.

The company said it redeemed its convertible preferred stock on May 1.

Federal Paper Board, 2.8 million shares of $50 convertible preferred stock.

Alcatel agreed to buy up to $1 billion in 360 convertible stock.

Duramed said it had raised $10 million by selling convertible preferred stock.

The company is also selling 1.8 million shares of $1.875 convertible preferred stock at $25 a share.

Lucent bought back about $275 million of its convertible preferred stock in the last quarter.