Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2009 > News item |
Kulicke & Soffa lifts tender price for 1% convertibles, extends deadline
By Susanna Moon
Chicago, Feb. 10 - Kulicke & Soffa Industries, Inc. said it increased its purchase price on its tender offer for $62 million outstanding 1% convertible subordinated notes due 2010.
The company said it will now pay $780 for each $1,000 principal amount of convertibles plus accrued interest up to but excluding the payment date. The price is up from $720 per note.
The offer was extended to 5 p.m. ET on Feb. 24 from midnight ET on Feb. 9. It began on Jan. 6.
As of the close of business on Feb. 9, $5,536,000 principal amount of the notes had been tendered in the offer.
Notes purchased under the offer will be canceled.
Oppenheimer & Co. Inc. is dealer manager for the offer, Bank of New York Mellon is depositary, and Laurel Hill Advisory Group, LLC (917 338-3181 or 888 742-1305) is information agent.
Kulicke & Soffa is a Fort Washington, Pa.-based maker of semiconductor assembly equipment.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.