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Published on 5/7/2004 in the Prospect News Convertibles Daily.

Starwood to pay upcoming put on convertibles in cash

New York, May 7 - Starwood Hotels & Resorts Worldwide Inc. said it plans to pay the upcoming put on its series B zero-coupon convertible senior notes due 2021 in cash.

The securities are putable on May 25.

Starwood is a White Plains, N.Y., hotel operator.


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