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Article: Chugai Pharmaceutical Co.: Notice of Early Redemption of Convertible Bonds.
- Article from:
- PR Newswire
- Article date:
- December 26, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO -- Chugai Pharmaceutical Co., Ltd. is exercising the early redemption option for all the Series # 5 Unsecured Convertible Bonds issued on July 5, 1994, according to the terms stipulated in the Agreement with Commissioned Companies for Bondholders 2-8(Ro). Exercise of the option was approved by the Board of Directors Meeting, held on December 26, 2001.
1. Reason for exercising the early redemption option of the Series # 5 Unsecured Convertible Bonds
As announced on December 10, 2001, Chugai and F. Hoffman-La Roche Ltd. have agreed to enter into an alliance, in particular, merging both companies' pharmaceutical businesses in Japan. In around the ...