Fluor says 1.5% convertible senior notes due 2024 are now convertible

By Devika Patel

Knoxville, Tenn., July 1 - Fluor Corp. said its 1.5% convertible senior notes due 2024 have become convertible and will remain convertible through Sept. 30.

The notes became convertible because Fluor's common stock exceeded the conversion threshold price of $36.20 per share, or 130% of the applicable conversion price of $27.85 per share, for at least 20 trading days within the 30 consecutive trading days ended June 30.

Fluor is an Aliso Viejo, Calif.-based international engineering concern.

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