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Accuray Incorporated (ARAY) Message Board

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  • nndung802000 nndung802000 Feb 7, 2013 10:45 AM Flag

    Is $75million notes @ $3/share convertion rtio ... Would PPS to drop below $3 ...

    How can you came up with the number $3?

    "The notes are expected to be convertible under certain conditions into common stock of Accuray. The notes are expected to mature on February 1, 2018, unless earlier repurchased or converted. Accuray may not redeem the notes prior to the maturity date. The interest rate, conversion rate and other terms of the notes will be determined by negotiations between Accuray and the initial purchasers of the notes."

 
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