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Tech Industry

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.

    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.