Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: John Liu who started this subject	10/19/2002 3:06:51 AM
From: jjs_ynot	Read Replies (1) of 1438

One wonders if this Lucent Convertible preferred has a floorless feature. biz.yahoo.com Separately, Lucent Technologies Inc. (NYSE:LU - News) announced plans for a reverse stock split that could boost its share price more than 20-fold. Analysts said a split would reduce the risk that if holders of Lucent's 8 percent convertible preferred stock maturing in 2031 force the telecommunications equipment provider to buy that stock back in August 2004, hedge funds might at that time drive Lucent's common shares close to zero by selling those shares "short."

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