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Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: Thomson Reuters Stock Report
Provider: MacroRisk Analytics/EconomicInvestor

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Inc Announces Proposed $1 Billion Private Offering Of Convertible Senior Notes And Authorization To Repurchase Shares Of Common Stock

Wednesday, 29 May 2013 04:10pm EDT Inc announced that its intention to offer, subject to market and other conditions, up to $1 billion principal amount of Convertible Senior Notes due 2020 through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of common stock and/or cash at the Company's election for the conversion value above the principal amount, if any. Board of Directors authorized the repurchase of up to an additional $1 billion of's common stock, concurrently with the consummation of the offering and thereafter from time to time. plans to use the net proceeds from the offering of the notes to repurchase up to $450 million of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchaser of the notes or its affiliates, concurrently with the consummation of the offering. also intends to use the net proceeds thereafter to repurchase shares of common stock in the open market or in privately negotiated transactions from time to time. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt and corporate acquisitions. 

Company Quote

5 Mar 2015