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Cell Genesys, Inc.
Cell Genesys Announces Tender Offer Results While Continuing to Pursue Strategic Alternatives
July 11th, 2009
Cell Genesys, Inc. (NASDAQ:CEGE) reported that over 98% or approximately $67 million aggregate principal amount of its 3.125% convertible bonds were tendered in its previously announced exchange offer. The Company offered to exchange all of the $68.3 million aggregate principal amount of its outstanding 3.125% Convertible Senior Notes due in 2011 at a purchase price for each $1,000 principal amount of (i) $500, plus accrued interest, (ii) $140 worth of common stock equal to approximately 221 shares of common stock, and (iii) $310 of new 3.125% Convertible Senior Notes due in May 2013. Upon settlement of the exchange offer, approximately $1 million of the original 3.125% Convertible Senior...
Source: Law & Health Weekly (2009-07-11)
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