Short Take: Premiere Technologies announces offering
Premiere Technologies announced it will sell $150 million in 5-3/4 percent convertible subordinated notes due July 1, 2004. The notes will be convertible into common stock at a conversion price of $33.00 per share for a total of approximately 4,545,455 shares. Proceeds are to be used for general corporate purposes and, possibly, to acquire complementary businesses, products, and technologies.
announced it will sell $150 million in 5-3/4 percent convertible subordinated notes due July 1, 2004. The notes will be convertible into common stock at a conversion price of $33.00 per share for a total of approximately 4,545,455 shares. Proceeds are to be used for general corporate purposes and, possibly, to acquire complementary businesses, products, and technologies.