wsj_0073.xml
WSJ891102-0119
WSJ891102-0119
=
891102
=
891102
891102-0119
.
891102-0119
.
Integra-A
Rights
Offering
Integra-A
Rights
Offering
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
ITGR
HWG
ITGR
HWG
IRVING
,
Texas
IRVING
,
Texas
Integra-A
Hotel
&
Restaurant
Co.
said
its
planned
rights
offering
to
raise
about
$
9
million
was
declared
effective
and
the
company
will
begin
mailing
materials
to
shareholders
at
the
end
of
this
week
.
Under
the
offer
,
shareholders
will
receive
one
right
for
each
105
common
shares
owned
.
Each
right
entitles
the
shareholder
to
buy
$
100
face
amount
of
13.5
%
bonds
due
1993
and
warrants
to
buy
23.5
common
shares
at
30
cents
a
share
.
The
rights
,
which
expire
Nov.
21
,
can
be
exercised
for
$
100
each
.
Integra
,
which
owns
and
operates
hotels
,
said
that
Hallwood
Group
Inc.
has
agreed
to
exercise
any
rights
that
are
n't
exercised
by
other
shareholders
.
Hallwood
,
a
Cleveland
merchant
bank
,
owns
about
11
%
of
Integra
.