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Prospect News home > News index > List of issuers A > Headlines for Auxilium Pharmaceuticals, Inc. > News item |
Auxilium holders may convert 1.5% notes into Endo shares after merger
By Susanna Moon
Chicago, Jan. 29 – Auxilium Pharmaceuticals, Inc.’s 1.5% convertible senior notes due 2018 are now convertible into cash and ordinary shares of Endo International plc.
Endo closed the acquisition of Auxilium on Thursday, triggering the change, according to 8-K filing with the Securities and Exchange Commission.
As a result, for each share of Auxilium common stock a holder of notes was previously entitled to receive upon conversion of the notes, the holder will instead receive $9.88 in cash and 0.343 of an Endo share.
In addition, under the supplemental indenture, Endo became a co-obligor of Auxilium’s obligations under the notes.
Endo is a Dublin-based specialty health care company that has U.S. headquarters in Malvern, Pa. Auxilium is a Chesterbrook, Pa.-based specialty biopharmaceutical company.
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