BOSTG: In February 1994, the Company issued $130.0 million of 4 1/2% convertible
subordinated debentures due February 1, 2004. Interest is payable semiannually
on February 1 and August 1 of each year. The debentures are convertible at any
time prior to maturity into shares of the Company's common stock at a conversion
rate of $27.969 per share, subject to adjustment under certain conditions. The
debentures may be redeemed at the option of the Company initially at 103.15% of
their principal amount and at declining prices thereafter, plus accrued
interest. In 1996 and 1997, $31,000 and $321,000 of convertible subordinated
debentures were converted into 1,107 shares and 11,475 shares of common stock,
respectively. In addition, the Company is required, as of 40 business days
after the occurrence of a Change in Control (as defined in the indenture
relating to the debentures) to purchase all or any part of any debenture at the
option of the debenture holder.
BOSTH: In April 1997, the Company issued $287.5 million of 7 3/4% convertible
subordinated debentures due May 1, 2004. Interest is payable semiannually on
May 1 and November 1 of each year. The debentures are convertible at any time
prior to maturity into shares of the Company's common stock at a conversion rate
of $26.70 per share, subject to adjustments under certain conditions. |
