Such insulation allows occupants to fully enjoy the well-contoured sounds of Saab's all-new, 150-watt audio system, which is complete with a standard Compact Disc (CD) player in the Saab 900 Turbo Convertible
This announcement is neither an offer to sell nor the solicitation of an offer to buy the convertible
notes or the shares issuable upon conversion of the convertible
notes and shall not constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
Holders of the Convertible
Notes that had previously entered into a share loan agreement with Citigroup Global Markets Limited, had the ability to elect, at their option, to close out such positions with shares received in connection with the Convertible
acted as the sole book-running manager and Wachovia Capital Markets, LLC, Dowling & Partners Securities, LLC and Janney Montgomery Scott LLC acted as co-managers for the mandatory convertible
preferred stock offering.
The net proceeds from the placement of the Convertible
Notes to the Company after payment of a 5% commission to the placement agent and the expenses of the offering, estimated to be approximately $32.
Polk said improving consumer sentiment and several new convertible
offerings should cause registrations to rise this year.
origination at Citigroup in New York, expects more companies will use convertibles
to fund their pension liabilities.
Holders of a contingent convertible
debt instrument, however, must accrue OID into income at the higher yield without receiving cash payments, regardless of their accounting method.
In any company's capital structure, convertible
securities and their debt obligations hold a position senior to that of common stock.
Whatever the reason, convertible
bond funds are worth considering.
May 31 /PRNewswire/ -- LoJack Corporation (Nasdaq-NNM: LOJN) announced today that it has notified holders of 1,216,500 shares of its Series A Convertible
Preferred Stock that LoJack will redeem such shares for a redemption price of $10.
EARNINGS PER SHARE FOR ESOP CONVERTIBLE