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Letter to the Editor
Thursday November 7
SAFECO Announces Stock Offering
SAFECO Corp. has announced that it plans to sell 9.1 million shares of its common stock. SAFECO expects to use the net proceeds from the offering for general corporate purposes, which may include contributions to operating subsidiaries to support growth and repayment or purchase of outstanding indebtedness.A registration statement relating to this offering has been filed with the U.S. Securities and Exchange Commission and has become effective. This offering will be made pursuant to a prospectus supplement to the registration statement.
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