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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: excardog who wrote (1089)3/7/2001 10:54:44 AM
From: kollmhn  Respond to of 23153
 
excardog-
The release says the converts were issued in 1997, not recently.
The fact that they are calling for redemption with the stock only 3.5 points above the conversion price, makes me wonder if they do want conversion to take place (as most companies do)?
Just one hiccup and the stock could be below conversion and DO would have to shell out the $400MM cash.