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Golden Ocean lowers conversion price on 3.625% convertibles to $6.02
By Melissa Kory
Cleveland, Nov. 29 -Golden Ocean Group Ltd. announced that it adjusted the conversion price on its 3.625% callable convertible bonds due 2012 to $6.02 from $6.23 per share, effective Dec. 1.
The price adjustment was the result of a dividend of $0.05 per share announced Nov. 23.
Based in Hamilton, Bermuda, Golden Ocean is a dry bulk shipping firm.
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