Robbins & Myers calls 8% convertible subordinated notes

By Laura Lutz

Des Moines, July 14 - Robbins & Myers, Inc. issued a notice of redemption for its $28.2 million of 8% convertible subordinated notes due Jan. 31, 2008, according to a company release.

The notes will be redeemed at par plus $37.11 per $1,000 principal amount on Aug. 15.

Holders of the notes may convert their notes at $22.50 per share, or 44.444 shares per $1,000 principal amount of the notes, until 5 p.m. ET on Aug. 14.

On Friday, the company's stock closed at $26.06.

Dayton, Ohio-based Robbins & Myers supplies equipment to global pharmaceutical, energy and industrial markets. The company announced plans for the redemption on May 19.

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