Faurecia plans to redeem all Oceans due Jan. 1, 2015 on Dec. 30

By Tali David

Minneapolis, Dec. 2 - Faurecia plans to redeem all of its Oceans due Jan. 1, 2015, according to a notice.

The Oceans will be redeemed at €18.69 plus accrued interest on Dec. 30.

Holders have the right to exercise their conversion/exchange rights up to and including Dec. 17 at the ratio of 1.04 Faurecia share for 1 Oceane.

Faurecia is an automotive equipment supplier based in Nanterre, France.

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