Share this article

print logo

Conversion saves Minrad $680,000

Minrad International expects to save about $680,000 in dividend expenses after converting all of the shares in a series of preferred stock into common stock of the Orchard Park-based medical equipment and anesthesia manufacturer.

Minrad said it had converted the remaining 11,260 shares of its Series A convertible preferred stock into 5.63 million shares of its common stock in late December.

There are no comments - be the first to comment