Article: Laboratory Corporation of America(R) Holdings Commences Exchange Offer For its Outstanding Liquid Yield Option(TM) Notes Due 2021.

BURLINGTON, N.C., Sept. 22 /PRNewswire-FirstCall/ -- Laboratory Corporation of America(R) Holdings (LabCorp(R)) announced today that it has commenced an exchange offer related to its currently outstanding Liquid Yield Option(TM) Notes (LYONs) due 2021.

In the exchange offer, LabCorp is offering to exchange, upon the terms and subject to the conditions set forth in the prospectus relating to the exchange offer, a new series of Zero Coupon Convertible Subordinated Notes due September 11, 2021 (the New Notes) and an exchange fee of $2.50 per $1,000 aggregate principal amount at maturity for all of the outstanding LYONs due 2021.

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