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YRC Worldwide Inc. Message Board

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  • lottopol.geo lottopol.geo Jan 6, 2010 5:53 PM Flag

    1/10 reverse split and 0.28 per share (SEC link)

    The conversion price is based on the face value of the Bonds. For each $1,000 in face value the bondholder gets about 2187 shares of YRCW.

    That is the same as selling shares at .45 and using the proceeds to retire the bonds at par.

 
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