OTHER NEWS - Feb. 14, 1992
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From Times Staff and Wire Reports
Kaufman & Broad to Issue Stock: The Los Angeles-based home builder said it will issue up to 7.5 million shares of special common stock to raise cash. It said it will receive about $45.9 million from warrants that its parent, Broad Inc., will exercise. The rest of the proceeds will go to Sun Life Insurance Co. of America, another Broad unit. Kaufman & Broad will seek to list the special common on the New York Stock Exchange.
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