Omnicare adjusts conversion rate of 3.25% convertibles due 2035

By Toni Weeks

San Diego, Jan. 22 - Omnicare, Inc. said it has adjusted the conversion rate for its 3.25% convertible senior debentures due Dec. 15, 2035 to 12.7008 shares from 12.5423 shares per $1,000 principal amount, effective Dec. 24.

The new conversion rate is equivalent to about $78.74 per share, according to a press release.

The rate was adjusted in connection with the regular quarterly dividend of $0.14 paid on Dec. 28 to stockholders who owned Omnicare common shares on the record date of Dec. 24.

Omnicare is a Cincinnati-based provider of pharmaceutical services to patients and providers.

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