| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Omnicom Group Inc. > News item |
Omnicom receives consents from holders of 99.997% of LYONs
New York, Nov. 24 - Omnicom Group Inc. said it received consents from holders of 99.997% of its Liquid Yield Option Notes due 2031 to modify how the conversion value is paid and to waive the put option on Feb. 7, 2005.
Under the amended terms, holders of the LYONs would receive cash up to the principal amount on conversion and the remainder in either cash or stock at Omnicom's option.
Omnicom was offering a cash payment of $17.50 per $1,000 for the consents.
The solicitation, announced on Nov. 19, expired at the close of business on Nov. 23.
Omnicom is a New York-based advertising, marketing and corporate communications company.
© 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.