ATMI calls 5.25% convertibles

By Caroline Salls

Pittsburgh, March 9 - ATMI Inc. said it will redeem its 5.25% convertible subordinated notes due Nov. 16, 2006 on April 8 at a price of 102.1% of the principal amount plus interest accrued to the redemption date.

Holders can elect to convert their notes into ATMI common stock until 5 p.m. ET on April 7 at a conversion rate of 45.0704 shares per $1,000 principal amount, or $22.19 per share.

ATMI stock was selling at $26.61 on Wednesday morning.

ATMI is a Danbury, Conn., supplier of materials and materials packaging to semiconductor manufacturers.

© 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.