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Prospect News home > News index > List of issuers T > Headlines for Tenders 2005 > News item |
Bull conversion incentive for Oceanes runs through March 31
New York, March 1 - Groupe Bull said that the special conversion period for its Oceanes will run from March 1 to March 31.
During this time, holders can convert their securities into 15 shares. After March 31, the conversion ratio will revert to one share per Oceane.
Bull, a Paris-based computer company, has 519,558 Oceanes outstanding.
The enhanced conversion terms follow a recapitalization with aid from the government of France.
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