Cameron Notifies Holders of 1.50% Convertible Senior Debentures Due 2024 of Put Option
April 16 2009 - 10:19AM
PR Newswire (US)
HOUSTON, April 16 /PRNewswire-FirstCall/ -- Cameron (NYSE:CAM) is
notifying holders of its 1.50% Convertible Senior Debentures due
2024 (CUSIP Nos. 216640AE2 and 216640AD4) (the "Notes") that they
have an option, pursuant to the terms of the Notes, to require
Cameron to purchase, on May 15, 2009, all or a portion of such
holders' Notes (the "Put Option") at a cash price equal to $1,000
per $1,000 principal amount of the Notes, plus any accrued and
unpaid interest. If all outstanding Notes are surrendered for
purchase, the aggregate repurchase price will be approximately
$131,104,000. The opportunity to exercise the Put Option will
commence on April 16, 2009, and will terminate at 5:00 p.m., New
York City time, on May 14, 2009. In order to exercise the
applicable Put Option, a holder must follow the procedures set
forth in the applicable notice delivered to holders. Holders may
withdraw any previously tendered Notes pursuant to the terms of the
Put Option at any time prior to 5:00 p.m., New York City time, on
May 14, 2009. This press release is for informational purposes only
and is not an offer to purchase, or the solicitation of an offer to
purchase, the Notes. Cameron (NYSE:CAM) is a leading provider of
flow equipment products, systems and services to worldwide oil, gas
and process industries. Website: http://www.c-a-m.com/ DATASOURCE:
Cameron CONTACT: R. Scott Amann, Vice President, Investor Relations
of Cameron, +1-713-513-3344 Web Site: http://www.c-a-m.com/
Copyright
Cooper Cameron (NYSE:CAM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cooper Cameron (NYSE:CAM)
Historical Stock Chart
From Jul 2023 to Jul 2024