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Biotech / Medical : Regeneron Pharmaceuticals
REGN 726.41+4.9%3:59 PM EST
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To: keokalani'nui who wrote (793)4/23/2003 5:39:24 PM
From: Madharry   of 3559
 
Well I spent a few minutes reviewing some of the filings- that convertible offering is some piece of work. it is specifically designated to be a subordinated debt- subordinated to all existing and future senior debt.
There was also mention that under certain conditions the company can redeem the bonds at maturity with shares.
Also the this company has class A stock which has 10 times the voting power of ordinary stock. Good luck!
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