WSJ891030-0145
WSJ891030-0145
=
891030
=
891030
891030-0145
.
891030-0145
.
Waxman
Industries
Debentures
Waxman
Industries
Debentures
10/30/89
10/30/89
10/30/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
WAX
WAX
BUYBACKS
,
REDEMPTIONS
,
SWAP
OFFERS
(
BBK
)
BUYBACKS
,
REDEMPTIONS
,
SWAP
OFFERS
(
BBK
)
BEDFORD
HEIGHTS
,
Ohio
BEDFORD
HEIGHTS
,
Ohio
Waxman
Industries
Inc.
said
holders
of
$
6,542,000
face
amount
of
its
6
1\/4
%
convertible
subordinated
debentures
,
due
March
15
,
2007
,
have
elected
to
convert
the
debt
into
about
683,000
common
shares
.
The
conversion
price
is
$
9.58
a
share
.
The
company
said
the
holders
represent
52
%
of
the
face
amount
of
the
debentures
.
Waxman
sells
a
variety
of
hardware
products
for
the
home
repair
market
.