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BRIEF-Reg-Mueller Industries says declares special dividend on common stock
January 4, 2017 / 12:20 PM / a year ago

BRIEF-Reg-Mueller Industries says declares special dividend on common stock

Jan 4 (Reuters) - Mueller Industries Inc

* Reg-Mueller industries, inc. Declares special dividend on common stock

* Special dividend will consist of $3.00 in cash and $5.00 in principal amount of company’s 6% subordinated debentures due 2027

* Mueller industries inc - special dividend will partly consist of $3.00 in cash

* It is currently expected that special dividend will be paid by mid-march, 2017

* Effect of special dividend will be to decrease stockholders’ equity by approximately $460 million

* Mueller industries-effect of special dividend will increase long term debt to about $500 million and $150-$175 million in cash will remain on balance sheet Source text for Eikon: Further company coverage:

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