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Prospect News home > News index > List of issuers F > Headlines for Flex Industries Ltd. > News item
Published on 12/29/2006 in the Prospect News Convertibles Daily.

Flex Industries OKs up to $250 million convertibles issue

By Jennifer Chiou

New York, Dec. 27 - Flex Industries Ltd. informed the Bombay Stock Exchange that its board approved an up to $250 million issue of equity securities, Global Depositary Receipts or shares, American Depositary Receipts or foreign currency convertible bonds.

The Noida, India, flexible packaging manufacturer said that the first tranche will be about $85 million.

A shareholders' meeting will take place on Jan. 27.


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