Has the conversion rate for Starwood Hotels & Resorts Worldwide, Inc.’s 3.50% Convertible Senior Notes Due 2023 (“Convertible Notes”) been adjusted?
Yes, based on the average share prices of each of the common stock of Starwood Hotels & Resorts Worldwide, Inc. and Host Hotels & Resorts, Inc. for the five trading days ending on April 17, 2006, the conversion rate for Starwood Hotels & Resorts Worldwide, Inc.’s Convertible Notes has been adjusted to 24.7650.
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