Oil States International's 2.375% convertible notes may be converted

By Toni Weeks

San Diego, Feb. 22 - Holders of Oil States International, Inc.'s 2.375% contingent convertible senior notes may elect to convert their securities in the quarter beginning Jan. 1, according to a 10-K filed Tuesday with the Securities and Exchange Commission.

As of Dec. 31, the trading prices of the notes exceeded their conversion value. Based on recent trading patterns, the Houston-based oil services company does not expect any significant amount of the notes to be converted in the next year.

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