Wolters Kluwer declares tender for 1% convertibles unconditional

New York, Nov. 24 - Wolters Kluwer said that its cash offer for its 1% convertible unsubordinated bonds due 2006 is unconditional.

The company said holders have tendered €422.993 million principal amount of the convertibles.

Because the offer is oversubscribed, the Amsterdam information services company will buy a total of €209.967 million of the securities tendered on a pro rata basis.

Wolters Kluwer announced on Nov. 7 it was beginning the offer and on Nov. 17 set the size of the tender at up to €230 million of the convertibles.

Wolters Kluwer is offering to pay €1,012.50 per €1,000 principal amount for the convertibles.

The offer expired at 11 a.m. ET Nov. 18.

Dealer managers for the offer are Credit Suisse First Boston (Europe) Ltd. (+44 207 888 2337) and Citigroup Global Markets Ltd. (+44 207 986 0260). The tender agent is Deutsche Bank (+44 207 547 5000 or +31 20 555 4822).

The offer is not being made in Japan, Canada, Australia or the United States.

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