Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lonrho Holdings Ltd. > News item |
Lonrho gets tenders for 97.9% convertibles in change-of-control offer
By Susanna Moon
Chicago, Sept. 18 - Lonrho Holdings Ltd., formerly FS Africa Ltd., said holders had tendered $68.5 million principal amount, or about 97.9%, of Lonrho plc's convertible bonds in the change-of-control offer that ended at noon ET on Sept. 17.
Settlement will occur on Oct. 1, according to a company press release.
As previously announced, the purchase price is $10,649.12 per $10,000 principal amount of the Lonrho convertibles, which was based on the change-of-control amount of $10,326.34 and accrued interest of $322.78.
Lucid Issuer Services (44 20 7704 0880) is the tender agent.
FS Africa announced on July 19 that the change-of-control date was July 19 for its cash offer for Lonrho's convertible bonds after the company's acquisition of Lonrho, which was announced on June 5.
The United Kingdom-based industrial group is focused on investments in Africa.
© 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.