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Terumo cuts conversion price on 0% convertible bonds due 2019
By Marisa Wong
Morgantown, W.Va., June 22 – Terumo Corp. said it lowered the conversion price on its ¥50 million zero-coupon convertible bonds due 2019 to ¥3,853.2 from ¥3,868.3.
The new conversion price is effective retroactively from the day after the March 31 record date.
The adjustment is due to an extraordinary dividend of ¥50 per share approved by shareholders at a meeting on Friday.
Terumo is a medical equipment company based in Tokyo.
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