Life Technologies calls all $349.54 million of 2% convertible notes

By Jennifer Chiou

New York, July 7 - Life Technologies Corp. announced the Aug. 6 redemption of all of its 2% convertible senior notes due 2023.

As of June 30, there was $349,544,000 of the notes outstanding.

According to a company news release, the redemption notice involves Cusips 46185RAF7 and 46185RAJ9.

The notes are convertible at any time prior to 5 p.m. ET on Aug. 5 at a rate of 29.3094 shares of common stock per $1,000 principal amount of notes, which is equivalent to a conversion price of $34.12.

The company's stock closed at $46.33 (Nasdaq: LIFE) on Tuesday.

U.S. Bank NA is the trustee (800 934-6802).

Life Technologies is a Carlsbad, Calif.-based biotechnology tools company.

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