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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (2421)2/6/1998 12:27:00 PM
From: Peter H. Hodge  Respond to of 18691
 
TSRI...today's move probably due to a generally favorable article in today's IBD. Seems like this type of article should be labeled "advertisement" as the information is derived 100% from company sources.



To: Roger A. Babb who wrote (2421)2/6/1998 12:28:00 PM
From: Lazlo Pierce  Respond to of 18691
 
I understand that wanted to get your thoughts on the private placement way under market price



To: Roger A. Babb who wrote (2421)2/6/1998 9:36:00 PM
From: phbolton  Read Replies (1) | Respond to of 18691
 
Roger: news on SEPR secondary out
"> MARLBOROUGH, Mass. -- Sepracor Inc. (Nasdaq:SEPR) today announced that
it has priced and increased the size of its previously announced $130
million offering of Convertible Subordinated Debentures due 2005. The
offering size has been raised to $165 million, the Debentures will have
an annual coupon of 6.25%, will be convertible into common stock at
$47.3688 per share, and will not be redeemable for three years.

The Debentures have not been registered under the Securities Act of
1933. Accordingly, the Debentures may not be offered or sold in the
United States, except pursuant to an applicable exemption from the
registration requirements of the Securities Act."

first glance looks like it is a quite reasonable one with about a 25% premium over current price for conversion