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Chiron says $649.9 million of LYONs put back
Pittsburgh, June 15 - Chiron Corp. purchased $649.9 million of its zero coupon senior Liquid Yield Option Notes due 2031 from holders who exercised their put option at a price of $584.31 per $1,000 principal amount at maturity, according to a news release.
The put option expired Monday. A total of $80.1 million of the notes, or 10.98%, remains outstanding after the purchase.
The total purchase price for all LYONs surrendered put back to the company was $379.7 million.
Chiron is an Emeryville, Calif., blood testing, vaccine and biopharmaceutical company.
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