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What will happen with the current Mannesmann Convertible Bonds and options for Mannesmann shares?

April 26, 2017bonds convertible mannesmann Options Shares

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What will happen with the current Mannesmann Convertible Bonds and options for Mannesmann shares?

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Due to the Vodafone offer the schedule for the Mannesmann Convertible Bonds has been changed. Vodafone offered 1,440 new Vodafone shares for each Mannesmann Convertible Bond. This offer referred to all 460,000 Convertibles with a maturity of 5 years, issued at the nominal value of EUR5,000 and carrying a coupon of 1.00% p.a. Investors could accept this offer between 21 February 2000 and 21 March 2000.