Liz Claiborne (LIZ) to Offer $75M in Convertible Senior Notes
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Last night, Liz Claiborne, Inc. (NYSE: LIZ) announced that it intends to offer, subject to market and other conditions, $75 million principal amount of convertible senior notes due 2014. The Company expects to grant the initial purchasers in the offering an option to purchase up to an additional $15 million of notes to cover over-allotments, if any.
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Liz
Lee on Jun 18, 2009 10:28 AMWhat's wrong with this company? I trust them company and I am down 50%. What should I do?