New developments reported by Chattem officials

This trend article is an immediate alert from NewsRx to identify the most recent news developments at Chattem.

Report 1: Chattem, Inc. (CHTT) announced its intention to offer, subject to market and other conditions, $100 million aggregate principal amount of Convertible Senior Notes due 2013 in a private placement to qualified institutional buyers.

In certain circumstances, the notes may be convertible into cash up to the principal amount of the notes and, with respect to any excess conversion value, into cash, shares of Chattem common stock or a combination of cash and common stock,...

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