Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders > News item |
Dentsu gives details on cash offer for Aegis convertibles due 2015
By Marisa Wong
Madison, Wis., March 26 - Dentsu Inc. released details on its offer to purchase for cash all of Aegis Group Capital (Jersey) Ltd.'s outstanding £190.6 million 2.5% convertible bonds due 2015 guaranteed by Aegis Group plc. The offer relates to Dentsu's acquisition of Aegis, completed on Tuesday.
The offer began on March 14 and will expire at 1 p.m. ET on April 11, according to a news release.
Dentsu announced that the change-of-control date is March 26, and, based on a conversion price of £1.3912, the change-of-control amount is £172,512.00 per £100,000 principal amount of Aegis convertible bonds.
The offer amount is £173,762.00 per £100,000 principal amount of convertibles, provided that settlement of the cash offer occurs by April 19.
Dentsu is a Tokyo advertising and public relations company. Aegis is a media and digital communications group based in London.
© 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.