Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Darryl Olson who wrote (13152)	1/27/1998 12:51:00 PM
From: John R Resseger	Respond to of 25960

I guess the conversion rate is $47 now after the stock split. Did the buyers of this then short the stock, knowing if they were wrong, that they could cover with their convertables? Cymer Announces Pricing Of Convertible Note Financing SAN DIEGO, CALIF. - August 1, 1997 - Cymer Inc. <NASDAQ:CYMI> today announced that it has completed the pricing of a private placement of $150,000,000 of its 31/2% / 71/4% Step-Up Convertible Subordinated Notes Due 2004. Interest on the notes will accrue at the rate per annum of 31/2% from August 6, 1997 through August 5, 2000 and will accrue at the rate per annum of 71/4% from August 6, 2000 to maturity. The notes will be convertible at a conversion price of $94 into approximately 1.6 million shares of Cymer, Inc. common stock. The Notes are to be issued pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The Notes will not be registered under the Securities Act of 1933, as amended, or under applicable state securities laws, and may not be offered or sold in the United States absent registration under federal and applicable state securities laws of available exemptions from such registration requirements. # # # Contact Cymer to request available financial information. Return to the list of all Cymer Financial News items [ Corporate Information \| Press Room \| Operations \| Products \| Home Page ] c 1997, Cymer Inc., For more information about Cymer and its products, contact us.