Navigation Links
PDL BioPharma Announces Conversion Rate Adjustments for Its Convertible Notes
Date:3/5/2012

INCLINE VILLAGE, Nev., March 5, 2012 /PRNewswire/ -- PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today announced that the adjusted conversion rate for its:

  • 2.875% Convertible Senior Notes due February 15, 2015 (February 2015 Notes) is 159.098 shares of common stock per $1,000 principal amount or approximately $6.29 per share, effective March 8, 2012;
  • 3.75% Convertible Senior Notes due May 1, 2015 (May 2015 Notes) is 139.2165 shares of common stock per $1,000 principal amount or approximately $7.18 per share, effective March 5, 2012; and
  • 2.875% Series 2012 Convertible Senior Notes due February 15, 2015 (Series 2012 Notes) is 159.098 shares of common stock per $1,000 principal amount or approximately $6.29 per share, effective March 5, 2012.

 

(Logo:  http://photos.prnewswire.com/prnh/20110822/SF55808LOGO)

The conversion rates for the notes are adjusted in connection with the regular quarterly dividend of $0.15 to be paid on March 14, 2012, to all stockholders who own shares of PDL on March 7, 2012, the record date.

February 2015 Notes

The conversion rate for the February 2015 Notes was previously 155.396 shares of common stock per $1,000 principal amount of the February 2015 Notes. In connection with a cash dividend, the conversion rate is increased by multiplying the previous conversion rate by a fraction, the numerator of which is the average closing price of PDL's common stock for the five consecutive trading days immediately preceding the ex-dividend date of March 5, 2012, for the cash dividend, and the denominator of which is such average closing price minus the per share dividend amount.

May 2015 Notes

The conversion rate for the May 2015 Notes was previously 135.9607
'/>"/>

SOURCE PDL BioPharma, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Medtrack One View - A New More Powerful Biopharmaceutical Intelligence Tool Is Now Available
2. Keryx Biopharmaceuticals, Inc. Announces Fourth Quarter and Year-End 2011 Financial Results
3. Keryx Biopharmaceuticals, Inc. to Host Conference Call on Fourth Quarter and Year-End 2011 Financial Results
4. Innovative School of BioPharmacy to Open in Fall 2014
5. The Centers for Disease Control & Prevention Signs Vaccine Warehouse and Distribution Contract with Sentry BioPharma Services
6. PDL BioPharma to Announce Fourth Quarter and Full Year 2011 Financial Results on February 23, 2012
7. Top 200 Biopharmaceuticals Industry Report (Global)
8. Octapharma USA Appoints Global Biopharmaceutical Executive David E. Holliday as Vice President of Commercial Development
9. PDL BioPharma Announces Expiration and Preliminary Results of its Exchange Offer
10. Provenance Biopharmaceuticals Corp. Announces $8M Financing Arrangement
11. Inspiration Biopharmaceuticals Expands Leadership Team with Four New Hires
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/2/2015)... FORT WORTH, Texas , June 2, 2015  ErgoNurse, ... a preeminent supplier of healthcare products in the ... serve the hospice, nursing home, long-term care and skilled nursing ... - http://photos.prnewswire.com/prnh/20150601/219779LOGO ... settings have been able to fully take advantage of the ...
(Date:6/2/2015)... , June 2, 2015  Integrated Service Solutions, Inc. ("the Company") announced today they are expanding their reach nationally by providing ... ... ... ... Photo ...
(Date:6/2/2015)... VALLEY FORGE, Pa. , June 2, 2015 /PRNewswire/ ... plans to  build three new distribution centers in ... MN ; and Newburgh, NY ... strengthening the company,s ability to improve product access, increase ... Today,s announcement is part of the company,s ongoing ...
Breaking Medicine Technology:ErgoNurse and Briggs Healthcare Positioned to Completely Eliminate the Unnecessary Cost of Healthcare-Related Back Injuries 2Integrated Service Solutions, Inc. Announces Nationwide Expansion for On-site Pipette Calibrations 2Integrated Service Solutions, Inc. Announces Nationwide Expansion for On-site Pipette Calibrations 3Integrated Service Solutions, Inc. Announces Nationwide Expansion for On-site Pipette Calibrations 4AmerisourceBergen to Build Three New Distribution Centers 2
... The Female Health Company (Nasdaq: FHCO ) ... to discuss its operating results for the third quarter and ... at 11:00 a.m. Eastern Time (EDT).  The Company expects to ... Shareholders and other interested parties may participate in the ...
... 2011 Errant Gene Therapeutics, LLC ("EGT"), a pioneering ... the transfer of its clinical grade lentiviral vector, TNS ... 9.55.3  developed by EGT pursuant to an exclusive license ... for MSKCC,s upcoming beta Thalassemia human clinical trial. The ...
Cached Medicine Technology:The Female Health Company to Host Third Quarter Conference Call on Friday, August 5, 2011 2EGT Transfers cGMP Vector for Gene Therapy Trial 2
(Date:6/3/2015)... Unfortunately, a majority of shoes sold are ... comfort to the users throughout the year. Be it a ... the local market, the makers generally tend to put all ... often overlook comfort and health. To counter this problem and ... heads at Vay Technologies have come up with uGALE, an ...
(Date:6/2/2015)... June 03, 2015 BALTIMORE, Md. – ... write a book about wellness after being diagnosed with ... believes that through lifestyle changes which enhance health, lupus ... In “ A Wellspring for Wellness ,” she offers ... , This book provides an overview of some ...
(Date:6/2/2015)... The JK-A0100EU secure smart card keyboard is ... and healthcare. However, this keyboard can also be used ... enhance the security of their network. , The wired ... a Smart Card before allowing access to the connected ... the keyboard supports secure PIN entry. , The keyboard ...
(Date:6/2/2015)... (PRWEB) June 02, 2015 Food Lion ... its sixth annual “Thriller on the Griller” events, starting ... and South Carolina locations. Each event will raise funds ... to restoring a sense of self, restoring the family ... our military families. , Through these events, Food ...
(Date:6/2/2015)... On March 19th, 2015, LiveToBeSober.org held an informative ... Legends at Detroit’s Ford Field. Hosted by former Detroit ... goal of the conference was to raise awareness about ... benefits of effective professional rehabilitation programs. It also was ... are available to them in regards to the recent ...
Breaking Medicine News(10 mins):Health News:Vay Technologies Launches uGALE the High Tech Insole Technology for Shoes on KickStarter 2Health News:Vay Technologies Launches uGALE the High Tech Insole Technology for Shoes on KickStarter 3Health News:New book offers holistic approach in living with autoimmune diseases 2Health News:New book offers holistic approach in living with autoimmune diseases 3Health News:Introducing the New CHERRY JK-A0100EU Keyboard with Integrated Smart Card Reader for Access Control Security 2Health News:Food Lion to Launch “Thriller on the Griller” Events to Benefit Military Families through Hope For The Warriors® 2Health News:Food Lion to Launch “Thriller on the Griller” Events to Benefit Military Families through Hope For The Warriors® 3Health News:Rehabilitation Facility Graduate Shares Her Story at "Fighting Addiction Together" Conference 2
... proteins in drug-resistant strains of the Staphylococcus aureus ... blood cellsa key process ensuring that S. aureus ... at the National Institute of Allergy and Infectious ... Health. , S. aureus disease is a global ...
... means intervention may be more effective, researchers say , , ... early rheumatoid arthritis could be identified and enrolled in ... new type of assessment and excluded two traditional assessments, ... looked at 292 people, average age 54, seen at ...
... 6 Month Period, Nasacort AQ Did Not Cause ... Suppression in This Same Age Group, BRIDGEWATER, N.J., ... Allergy, Asthma & Immunology (ACAAI) annual meeting,suggests that the ... used safely and effectively to treat children,aged 2-5 years ...
... Four members of the same,family, who owned ... Equipment,(DME) companies and Comprehensive Outpatient Rehabilitation Facilities have,each ... Medicare fraud, Assistant,Attorney General Alice S. Fisher of ... of the Southern District of Florida announced today., ...
... CHATSWORTH, Calif., Nov. 9 Innovation Management Group,Inc. ... The Magnifier 1.50, a,low cost, full screen magnification ... designed for individuals who have extreme visual,impairments or ... a few hundred to,several thousand dollars. The Magnifier ...
... if used wisely and in the right patients, experts say ... of almost $5 billion to be paid out to those ... the drug,s maker, Merck & Co., may have hoped to ... , But, according to experts, the move has merely swung ...
Cached Medicine News:Health News:Factor key to severity of community-associated methicillin-resistant staph infections identified 2Health News:Factor key to severity of community-associated methicillin-resistant staph infections identified 3Health News:New Test Criteria Spots Rheumatoid Arthritis Sooner 2Health News:New Data Presented at ACAAI Informs on the Safety and Efficacy of Nasacort AQ Nasal Spray in a Trial of Children Aged 2-5 Years Old with Year-Round Allergic Rhinitis 2Health News:New Data Presented at ACAAI Informs on the Safety and Efficacy of Nasacort AQ Nasal Spray in a Trial of Children Aged 2-5 Years Old with Year-Round Allergic Rhinitis 3Health News:New Data Presented at ACAAI Informs on the Safety and Efficacy of Nasacort AQ Nasal Spray in a Trial of Children Aged 2-5 Years Old with Year-Round Allergic Rhinitis 4Health News:New Data Presented at ACAAI Informs on the Safety and Efficacy of Nasacort AQ Nasal Spray in a Trial of Children Aged 2-5 Years Old with Year-Round Allergic Rhinitis 5Health News:New Data Presented at ACAAI Informs on the Safety and Efficacy of Nasacort AQ Nasal Spray in a Trial of Children Aged 2-5 Years Old with Year-Round Allergic Rhinitis 6Health News:Four Miami Health Care Company Owners Sentenced to 57 Months in Prison For Medicare Fraud 2Health News:IMG Announces an Affordable Full Screen Software Magnifier for Home and Business Users 2Health News:Vioxx Settlement Puts Painkillers Back in the Spotlight 2Health News:Vioxx Settlement Puts Painkillers Back in the Spotlight 3Health News:Vioxx Settlement Puts Painkillers Back in the Spotlight 4
... Cargille Immersion Oils are the standard - the ... against. Cargille Laboratories has consistently led in the ... 42 years. Here is the record: , When ... the classification of In Vitro Diagnostics in the ...
The First Check Home Drug Test is the first over-the counter, FDA approved home drug test that provides immediate information about the possible use of prescription drugs....
The ToxCup Drug Screen Cup is a one-step test for the rapid detection of up to five drugs of abuse and four adulteration tests. It's design integrates sample collection, drug/adulteration testing and...
Lasts up to 3 months , Absorbable copolymer of glycolic acid and trimethylene carbonate , Designed to provide relief from short term dry eye conditions. , Appropriate for surgery-related d...
Medicine Products: