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Article: Synovus Announces Exchange Ratio for its Exchange Offer.
- Article from:
- Real Estate & Investment Business
- Article date:
- November 21, 2009
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Synovus Financial Corp. (NYSE: SNV) (the "Company") announced that it has determined the final exchange ratios in connection with its previously announced offer to exchange (the "Exchange Offer") up to 50 million newly issued shares of the Company's common stock for any and all of its outstanding 4.875% Subordinated Notes Due 2013 (the "Notes").
The tender period for the Exchange Offer is comprised of two parts, an early tender period that expired at 5:00 P.M. (New York City time) on September 28, 2009 (the "Early Tender Period"), and a final tender period that began immediately following the Early Tender Period and expires on the expiration date of the Exchange ...