Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (2239)	2/4/1998 12:55:00 PM
From: Kailash	Read Replies (1) of 18691

Roger - What are the terms of the SEPR debentures? When they say "at a price to be determined," does that mean it's floorless? Kailash MARLBOROUGH, Mass., Feb. 4 /PRNewswire/ -- Sepracor Inc. (Nasdaq: SEPR - news) today announced that it proposes to offer a new issue of $130 million of Convertible Subordinated Debentures due 2005 (the "Debentures"). The Debentures will be convertible into Sepracor common stock, at the option of the holder, at a price to be determined. The Company also may issue up to an additional $19.5 million of Debentures to cover over-allotments in connection with such offering. <snip> The Debentures will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States, except pursuant to an applicable exemption from the Securities Act registration requirements.

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