Convertibles Calendar

AUGUST 6 WEEK

SCHERING-PLOUGH CORP. (NYSE: SGP): $2.5 billion mandatory convertible preferred stock due Aug. 13, 2010; Goldman, Sachs & Co. (global coordinator), Banc of America Securities, Bear, Stearns & Co., Citigroup, Morgan Stanley (joint books), BNP Paribas, Credit Suisse Securities (USA) LLC, JPMorgan (co-leads), Daiwa Securities America, Santander Investment, Utendahl Capital Partners, Williams Capital Group (cos); $375 million greenshoe; provisional conversion subject to 150% hurdle; to be sold at same time as an offering of 50 million shares; Kenilworth, N.J.-based pharmaceuticals firm will use proceeds to partially fund acquisition of Organon BioSciences NV; scheduled to price Aug. 9; talked at a dividend of 5.5% to 6% and a threshold appreciation range of 20% to 25%.

ON THE HORIZON

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.

MCMORAN EXPLORATION CO. (NYSE: MMR): Equity-linked securities to help fund acquisition of the Gulf of Mexico shelf oil and gas properties of Newfield Exploration Co.; initial financing is $800 million revolver and $800 million bridge loan; McMoRan plans to repay the bridge loan with bonds, equity and equity-linked securities; JPMorgan, Merrill Lynch are lead on revolver and bridge loan; New Orleans-based explorer, developer and producer of oil and natural gas.

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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