12 de agosto de 2017 / 3:18 / hace 2 meses

Brazil's Vale says 84.4 pct of shareholders join share swap

SAO PAULO, Aug 12 (Reuters) - Brazilian mining company Vale SA on Friday said that 84.4 percent of its current shareholders agreed to swap their preferred stock into common shares, guaranteeing the success of a plan for voluntary share conversion.

In a securities filing, Vale said a total of 1.660 billion preferred shares -- which comprise company stock traded in Brazil and the United States -- joined the plan. The company had set a minimum 54.09 percent threshold to approve the share conversion, whose deadline for shareholders was Friday. (Reporting by Marcelo Teixeira; Editing by Eric Meijer)

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