Alliant announces conversion dates for 2.75% convertibles due 2011

By Toni Weeks

San Diego, Aug. 1 - Alliant Techsystems Inc. said in a press release that its 2.75% convertible senior subordinated notes due Sept. 15, 2011 are convertible from Aug. 15 through Sept. 14.

The conversion rate is 10.4208 shares per $1,000 principal amount of notes. The conversion price is $95.96.

The company's stock closed at $65.23 (NYSE: ATK) on July 29.

The company said it will settle in cash the principal amount of notes that are converted and settle in shares any remaining portion of the conversion obligation.

Alliant is an aerospace, defense and commercial products company based in Minneapolis.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.