didn't AMZN trade up to and beyond the conversion price last time they announced the redemption last summer? I think that conversion price was $78 bucks. This one is 84 euros?
That was for the U.S. dollar Convertibles. This is a separate issue of Euro-bonds that came out a year after those. The strike price was different for each.
I understand that, but the point being that the powers that be moved the stock toward the conversion price on the last announcemnt of the U.S convertible redemption.
Yes it did last time. And 84 euros is around $110ish. I do not think it can get to 110 in the next 3-4 weeks. So, I am fairly certain this is just going to be a cash transaction to retire some debt that they are paying a fairly high rate on.
"......Yes it did last time. And 84 euros is around $110ish. I do not think it can get to 110 in the next 3-4 weeks....."Gee, ya think?You haven't got a clue as to how a convertible works.Man, you are really an idiot.Ok, that's all the ignorance I can take for now........I have other stocks to attend to.You and panicbuying can have your little posting party all day.