Dress Barn note holders face restriction
-
- January
- 30
Dress Barn Inc. of Montebello said today that a stock price “trigger� will bar holders of certain convertible notes from exchanging them for stock through April 25.
The provision affects holders of the 2.5 percent convertible senior notes due 2024. The company said the stock closed below the $12.61 trigger for 20 trading days within the last 30-trading-day period ending last Friday. None of the notes has been presented for conversion to date, Dress Barn said.
The company stock is down 6.7 percent year to date.
This entry was posted
on Wednesday, January 30th, 2008 at 6:11 pm by Jerry Gleeson.
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