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News America invites holders to put back their 0.75% exchangeables
By Jennifer Chiou
New York, Feb. 1 - News America Inc. announced that it issued a notice to holders of its 0.75% senior exchangeable BUCS that they may tender their securities for a March 15 redemption.
The company said it elected to pay for any put securities entirely in cash.
The purchase price will be $1,013.48 per security plus accrued interest.
The exchangeables may also be put back on March 13, 2013 or March 15, 2018 for payment equal to the adjusted liquidation preference plus any accrued distributions.
The Bank of New York Mellon is the trustee and paying agent.
The securities were issued on March 21, 2003.
The subsidiary of media conglomerate News Corp. is based in New York City.
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