Convertibles Calendar

OCT. 29 WEEK

MCMORAN EXPLORATION CO. (NYSE: MMR): $150 million in mandatory convertible preferred stock due Nov. 15, 2010; talked to yield 6.75% to 7.25% with an initial conversion premium talked at 18% to 22%; $22.5 million greenshoe; full dividend and change-of-control protections; to be issued with 11 million shares of McMoRan common stock; 1.65 million greenshoe on common stock offering; New Orleans-based oil and gas driller; proceeds to repay a portion of a bridge facility used in connection with the acquisition of the Gulf of Mexico shelf oil and gas properties of Newfield Exploration Co.; pricing expected Nov. 1; JPMorgan, Merrill Lynch joint bookrunners.

ON THE HORIZON

DANAHER CORP. (NYSE: DHR): Equity-linked securities to help fund its acquisition of Tektronix, Inc.; company will use short-term debt to fund $2.8 billion, $38 per share, takeover of Tektronix; equity-linked securities to be used for long-term debt; Danaher is a Washington, D.C.-based manufacturer of professional instrumentation, industrial technologies and tools and components. Tektronix is a Beaverton, Ore.-based company that supplies test, measurement and monitoring products to the communications, computer and semiconductor industries.

HOLOGIC INC. (Nasdaq: HOLX): Convertible debt or other equity or equity-linked financing to refinance $1.25 billion capital markets term loan X; loan is part of a larger $2.55 billion credit facility to refinance acquisition of Cytyc Corp. and repay bank debt for both companies if any is outstanding; Bedford, Mass.-based manufacturer and supplier of diagnostic and medical imaging systems for the health care needs of women; Goldman Sachs is the bookrunner.

AMERICAN WATER WORKS CORP. INC. (NYSE: AWK): $500 million equity notes; along with new issue of common stock; part of initial public offering and spinoff from RWE AG, a German utilities provider; proceeds to repay recent commercial paper borrowings and for general corporate purposes; Goldman Sachs, Citigroup, Merrill Lynch joint bookrunners.

WESTERN DIGITAL CORP. (NYSE: WDC): Convertible unsecured securities; along with senior unsecured notes, equity and/or a senior unsecured term loan; proceeds to refinance up to $1.25 billion unsecured bridge loan; bridge loan to fund acquisition of Komag Inc. for $32.25 per share in cash tender offer; 364-day bridge loan is led by Goldman Sachs, Citigroup and JPMorgan and is priced at Libor plus 62.5 basis points; Lake Forest, Calif.-based digital storage maker.

AMIS HOLDINGS INC. (Nasdaq: AMIS): Possible $225 million of convertible notes; to buy back stock or for acquisitions; Pocatello, Idaho-based designer and manufacturer of customer-specific mixed signal semiconductor products.

BLACK HILLS CORP. (NYSE: BKH): Mandatory convertible securities; proceeds, along with new equity and unsecured debt, to replace bridge facility; bridge facility will be used to fund the Rapid City, S.D.-based diversified energy company's acquisition of Aquila, Inc.'s electric utility in Colorado and gas utilities in Colorado, Kansas, Nebraska and Iowa, along with the associated liabilities, for $940 million.

MYLAN LABORATORIES INC. (NYSE: MYL): $1.5 billion to $2 billion of common stock and mandatory convertible securities; to refinance debt to fund acquisition of Merck KGaA's generics business; Canonsburg, Pa., pharmaceutical company.

TELEFLEX INC. (NYSE: TFX): convertible debt to help fund acquisition of Arrow International Inc.; also plans new credit facility and private placement notes; acquisition expected to close by the fourth quarter; Limerick, Pa., designer, manufacturer and distributor of engineered products and services for the commercial, medical and aerospace markets.

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