Roper Industries convertible notes to accrue contingent cash interest

By Marisa Wong

Madison, Wis., July 15 – Roper Industries, Inc. announced that its senior subordinated convertible notes due 2034 will accrue contingent interest for the semiannual period beginning July 16.

Contingent cash interest of $2.29 per note is expected to be paid on Jan. 16, 2015 to holders of record as of Dec. 31. Total contingent interest for the semiannual period is expected to be about $37,000.

Roper is a diversified technology company based in Sarasota, Fla.

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