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LabCorp says 0% notes due 2021 are convertible for another quarter
By Sarah Lizee
Olympia, Wash., Oct. 15 – Laboratory Corp. of America Holdings (LabCorp) said its zero-coupon convertible subordinated notes due 2021 are convertible during the quarter through the close of business at 5 p.m. ET on Dec. 31.
The notes are convertible into cash for the accreted principal amount and into common stock of LabCorp for any remaining value, according to a news release.
LabCorp’s notes were also convertible in the quarters ended Sept. 30, June 28, March 29, 2019, Dec. 31, 2018, Sept. 28, 2018, June 29, 2018, March 30, 2018, Dec. 29, 2017, Sept. 29, 2017, June 30, 2017, March 31, 2017, Dec. 30, 2016, Sept. 30, 2016, June 30, 2016, March 31, 2016, Dec. 31, 2015 and Sept. 30, 2015.
The Bank of New York Mellon is the trustee and conversion agent.
Burlington, N.C.-based LabCorp develops diagnostic technologies.
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