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American Tower Corporation Message Board

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  • slim_niceguy slim_niceguy Jan 21, 2003 1:03 PM Flag

    A question for our number crunchers...

    Until we see the terms of the warrants we won't be able to calculate dilution. It appears however that these notes probably are being sold for their coupon return and the warrants are a "Kicker". Either way it is far better to have some warrants out there that may never be excercised that to have the certain dilution of issuing stock now to retire the converts.

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