Cephalon to redeem 5¼% convertibles

New York, June 17 - Cephalon, Inc. said it will redeem its $174 million of outstanding 5¼% convertible subordinated notes due May 2006.

The West Chester, Pa. biopharmaceutical company will redeem the notes at $1,041.42 per $1,000 principal amount on July 8. The total amount to be paid is made up of the $1,031.50 redemption price plus $9.92 of accrued interest up to but not including July 8.

Holders may convert their notes into Cephalon stock at a price of $74.00 per share up to 5.00 p.m. ET on July 7. Cephalon stock closed at $44.879 Tuesday.

Genesco to redeem 5½% convertibles

New York, June 17 - Genesco Inc. said it plans to redeem its $103.2 million of 5½% convertible subordinated notes due 2005.

The Nashville company said it will use proceeds of its planned offering of new $75 million convertible subordinated debentures due 2023 and cash on hand to fund the redemption.

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