LabCorp holders may convert zero-coupon notes through March 29

By Tali David

Minneapolis, Jan. 2 - Laboratory Corp. of America Holdings said holders of its zero-coupon convertible subordinated notes due 2021 have the right to convert their notes through March 29.

The principal amount of the converted notes will be paid in cash, and any remaining amounts will be paid in shares of LabCorp common stock, the company said.

Holders must surrender any notes that they wish to convert by 5 p.m. ET on March 29.

The Bank of New York Mellon is the trustee.

Burlington, N.C.-based LabCorp develops diagnostic technologies through genomic testing.

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