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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (53898)9/26/2000 10:56:54 AM
From: Original Mad Dog  Read Replies (1) | Respond to of 63513
 
ADI is growing quickly and they may have figured that this was a better deal.

I think they did it once before (in March '99) so they may be more comfortable borrowing large amounts on the cheap and converting the debt to equity..... The last offering was converted to equity and they've still done ok.

biz.yahoo.com (references conversion of 3 1/2% $230 million convertible offering).


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