Wistron extends tender offer period for 0% convertibles by two days

By Marisa Wong

Madison, Wis., Dec. 12 – Wistron Corp. said it is extending the offer period of its cash tender offer for its $274.6 million principal amount of outstanding zero-coupon convertible bonds due 2015.

The expiration time will now be 10 a.m. ET on Dec. 19, extended by two days from Dec. 17.

The announcement date for tender offer results has also been extended to Dec. 22, and settlement is now slated for Dec. 23. Previously, the company expected to announce results by Dec. 18 and settle the offer on Dec. 19.

The company said it is extending the expiration time to cater to potential market participants who may need additional time to participate in the offer.

According to a previous notice, the company is offering $209,400 in cash for each $200,000 principal amount of notes.

Wistron said it is conducting the offering as part of its commitment to the active management of its balance sheet.

The original $280 million principal amount was issued in January 2012. Any acquired notes will be canceled.

Wistron is a Taipei, Taiwan-based original design manufacturer that specializes in information and communication technology products.

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