Navigation Links
Hologic Delivers Notice that Holders of 2.00% Convertible Exchange Senior Notes Due 2042 are Eligible to Convert
Date:4/3/2017

MARLBOROUGH, Mass., April 3, 2017 /PRNewswire/ -- Hologic, Inc. (Nasdaq: HOLX) announced today that it has notified holders of the 2.00% Convertible Exchange Senior Notes due 2042 (CUSIP No. 436440 AC5) issued March 5, 2012, and Wilmington Trust Company, the trustee, paying agent and conversion agent for the notes, that holders are eligible to convert the notes.  This conversion right is subject to the terms of the base indenture governing the notes dated as of December 10, 2007, as supplemented by the third supplemental indenture dated as of March 5, 2012 (collectively, the indenture).

The conversion right has been triggered because the closing price of the Company's common stock exceeded approximately $40.53, which is 130% of the conversion price for the notes, for at least 20 of the 30 consecutive trading days ending on March 31, 2017.  As a result, the notes are convertible until June 30, 2017, subject to the terms, conditions and adjustments in the indenture and the notes. The notes may continue to be convertible after June 30, 2017 if one or more conditions specified in the indenture are satisfied during future measurement periods.

The current conversion rate for the notes is 32.07698 shares of the Company's common stock per $1,000 principal amount outstanding, which is equivalent to a conversion price, as defined in the indenture, of approximately $31.18 per share. The Company may elect to satisfy its conversion obligation in shares of common stock, cash, or a combination of cash and shares in accordance with the terms, procedures and conditions outlined in the indenture and the notes.

None of the Company, its board of directors, or employees has made, or is making, any representation or recommendation to any holder of the notes as to whether or not to exercise the conversion right.

Holders of the notes who have questions or wish to exercise their conversion right should contact Wilmington Trust Company at:
Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE  19890
Attention: Workflow Management, 5th Floor
Telephone:  (302) 636-6470

A complete explanation of the conversion right, as well as the procedures required to convert notes, is set forth in the indenture.  Holders are urged to review the conversion procedures contained in the notes and the indenture.  The base indenture was filed as Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 10, 2007.  The third supplemental indenture was filed as Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 8, 2012.

About Hologic

Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostic products, medical imaging systems for breast and skeletal health, GYN surgical products, and medical aesthetic systems.  With a broad range of market-leading technologies and a robust research and development program, Hologic is dedicated to The Science of Sure.  For more information on Hologic, visit www.hologic.com.

Hologic and associated logos are trademarks and/or registered trademarks of Hologic, Inc. and/or its subsidiaries in the United States and/or other countries.

Contact

Michael Watts
Vice President, Investor Relations and
Corporate Communications
(858) 410-8588

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hologic-delivers-notice-that-holders-of-200-convertible-exchange-senior-notes-due-2042-are-eligible-to-convert-300433571.html


'/>"/>
SOURCE Hologic, Inc.
Copyright©2017 PR Newswire.
All rights reserved


Related medicine technology :

1. Medical Appliances Stocks Under Scanner -- Neovasc, Hologic, Edwards Lifesciences, and Sunshine Heart
2. Hologic Completes Acquisition of Cynosure
3. Hologic to Acquire Cynosure, Leader in Medical Aesthetics Systems and Technologies, in All-Cash Tender Offer that Combines Two Complementary Businesses
4. Technical Reports on Medical Equipment Equities -- Edwards Lifesciences, Accuray, Hologic, and Zimmer Biomet
5. Hologic Announces Financial Results for First Quarter of Fiscal 2017
6. Hologic Appoints President of EMEA and Canada, Completing International Leadership Team
7. Medical Equipment Stocks on Investors Radar -- Hologic, St. Jude Medical, Edwards Lifesciences, and Zimmer Biomet
8. Research and Markets - Global Hysteroscopes Market 2016-2020: Limitations in Open Surgery Will Drive Growth of Hysteroscopes with Hologic, Karl Storz, Olympus Medical & Stryker Dominating
9. Research and Markets - Global Cervical Cancer Diagnostic Testing Market Growth of 6%, 2016-2020 with Becton, Hologic & Qiagen Dominating
10. Hologic to Showcase Award-Winning Breast Screening and Interventional Solutions at RSNA 2016
11. FDA Approves Use of the Procleix Zika Virus Assay from Hologic and Grifols to Screen the U.S. Blood Supply Under an IND Study Protocol
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/12/2017)... PARIS and NEW YORK , Sept. 12, ... ethical performance ratings for global supply chains, has published the first annual ... the CSR performance of more than 20,400 companies evaluated by EcoVadis, based ... years 2015 and 2016. ... EcoVadis Global CSR Risk & Performance Index ...
(Date:9/12/2017)... FRANCISCO , Sept. 12, 2017  ValGenesis ... Management Solutions (VLMS), is pleased to announce the ... a member of its Board of Directors and ... ValGenesis VLMS enables life science companies to manage ... the use of paper in this process. Furthermore, ...
(Date:9/9/2017)... NEW YORK , Sept. 8, 2017 ... largest independent supplier of medical equipment, supplies, drugs, ... that it has entered into an agreement to acquire ... surgical equipment based in Holtsville, New York ... which specializes in supplying new and emerging medical practices, ...
Breaking Medicine Technology:
(Date:10/12/2017)... Bethesda, MD (PRWEB) , ... October 12, 2017 , ... ... Award of Excellence to Carol Friedman, PhD, FACMI, during the Opening Session of AMIA’s ... 4 – 8. , In honor of Morris F. Collen, a pioneer in the ...
(Date:10/12/2017)... ... October 12, 2017 , ... Dr. Parsa Mohebi, the Los ... article to the newly revamped Cosmetic Town journal section, featuring articles ... procedure known as Follicular Unit Extraction (FUE). , Dr. Mohebi says ...
(Date:10/12/2017)... FL (PRWEB) , ... October 12, 2017 , ... On ... holding a treadmill relay – Miles by Moonlight to raise money for the American ... $300 or more. , Teams will work together to keep their treadmills moving ...
(Date:10/12/2017)... ... October 12, 2017 , ... In the United ... year. In some states—like New York, New Jersey, Massachusetts, Texas, Virginia, Connecticut, and ... havens have extremely low property-tax rates, which contributes to the relatively lower cost ...
(Date:10/12/2017)... ... October 12, 2017 , ... Vodori, Inc., ... promotional review platform at the Promotional Review Committee Compliance and Best Practices ... streamline the medical, legal, and regulatory review (MLR) process – which ensures ...
Breaking Medicine News(10 mins):