Apogent contingent convertibles become convertible

New York, June 15 - Fisher Scientific International Inc. and Apogent Technologies Inc. said that Apogent's floating-rate senior convertible contingent debt securities due 2033 and its 2.25% senior convertible contingent debt securities due 2021 have become convertible because of the planned merger between the companies.

The floaters convert at $33.090 per share while the 2.25% notes convert at $30.492. Apogent stock closed at $32.07 Tuesday.

The notes can be converted from June 16 until 15 days after the merger. After the merger, holders will receive Fisher stock at the rate of 0.56 shares per share of Apogent stock.

Any Fisher stock issued on conversion of the notes will not be freely tradable without an exemption under the Securities Act of 1933. Similarly, Apogent stock issued on conversion of the floaters will not be freely tradable.

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