Safeguard Scientifics expects all 2.625% convertibles to be put back

By Angela McDaniels

Tacoma, Wash., March 4 - Safeguard Scientifics, Inc. expects the holders of its 2.625% convertible senior debentures due 2024 to put back the entire $31.3 million outstanding principal amount on March 21, according to the company's 10-K report for the year ended Dec. 31.

The convertibles are putable at par plus accrued interest.

The adjusted conversion price is $43.3044 per share. The company's common stock closed at $20.35 (NYSE: SFE) on March 3.

Safeguard Scientific is a technology incubator based in Wayne, Pa.

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