Midway Reduces Conversion Rate of 2026 Notes

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Midway announced yesterday that it has adjusted the conversion rate for its 7.125% Convertible Senior Notes that are due in 2026.
The notes previously carried the option to convert notes into common stock at a rate of $10.86 per share. In accordance with the terms of the note, the conversion rate has been adjusted so that notes can be converted into common stock at a rate of $8.80 per share.

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This page contains a single entry by Editor published on July 14, 2006 11:30 AM.

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