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LabCorp says 0% notes due 2021 remain convertible through March
By Susanna Moon
Chicago, Jan. 3 – Laboratory Corp. of America Holdings said that its zero-coupon convertible subordinated notes due 2021 will remain convertible until 5 p.m. ET on March 31.
The notes are convertible into cash for the accreted principal amount and common stock of LabCorp for the remaining value, according to a company notice.
LabCorp’s notes were also convertible in the quarters ended Dec. 30, Sept. 30, June 30, March 31, Dec. 31, 2015 and Sept. 30, 2015.
The Bank of New York Mellon is the trustee and conversion agent.
Burlington, N.C.-based LabCorp develops diagnostic technologies.
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