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Convertibles Calendar
WEEK OF JAN. 30
DRS TECHNOLOGIES INC. (NYSE: DRS): to price $300 million of senior subordinated convertible notes; price talk for a coupon of 1.75% to 2.25%, up 17.5% to 22.5%; to price Jan. 30 ahead of the market open; greenshoe of $45 million; non-callable for five years, puts in years five, 10 and 15; proceeds earmarked to help fund its acquisition of Engineered Support Systems Inc. (ESSI); Parsippany, N.J.-based defense company.
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