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Ask Jeeves $100 million convertible talked to yield 0%, up 24-30%
By Sara Rosenberg
New York, May 28 - Ask Jeeves Inc.'s $100 million five-year convertibles, scheduled to price Thursday after the market close, are talked to yield 0%, with an initial conversion premium of 24% to 30%.
Credit Suisse First Boston is leading the Rule 144A deal.
There is a $15 million greenshoe.
The bonds are non-callable.
The Emeryville, Calif. provider of web-wide search technologies intends to use the proceeds for general corporate purposes, including potential acquisitions and investments.
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