| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders 2004 > News item |
Motorola calls LYONs due 2009, 2013
New York, Feb. 25 - Motorola, Inc. said it will redeem its $26.8 million principal amount at maturity of Liquid Yield Option Notes due 2009 and $4.4 million principal amount at maturity of LYONs due 2013 on March 26.
The Schaumburg, Ill. wireless and communications technology company will pay $724.42 per $1,000 principal amount for the 2009 LYONs and $808.38 per $1,0000 principal amount for the 2013 LYONs.
The 2009 LYONs are convertible into 54.804 shares of Motorola common stock per $1,000 principal amount and the 2013 LYONs are convertible into 33.534 shares of Motorola common stock per $1,000 principal amount. Holders can convert the securities up to the close of business on March 26. Motorola stock closed at $17.55 Wednesday.
© 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.