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Technology Stocks : All About Sun Microsystems
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To: sixty2nds who wrote (64071)1/23/2007 5:14:08 PM
From: sixty2nds  Read Replies (1) of 64865
 
16:22 SUNW Sun Microsystems: KKR Private Equity Investors to invest in Sun through $700 mln of senior convertible notes (5.66 -0.09) -Update-

Co announces a $700 mln private placement transaction with KKR Private Equity Investors. The investment will be in the form of $350 mln of convertible senior notes due in 2012, and $350 mln of convertible senior notes due in 2014. A nominee of KKR will be presented for appointment to the Sun Microsystems Board of Directors upon or shortly following the close of this transaction.
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