National Financial Partners launches tender offer for $230 million in senior notes
By APWednesday, June 9, 2010
National Financial offers to buy $230M in notes
NEW YORK — Financial advisory firm National Financial Partners Corp. said Wednesday it began a tender offer for $230 million in senior notes.
The notes are 0.75 percent convertible senior notes due 2012.
Holders who tender their notes by the expiration date of July 7 will receive $955 for each $1,000 amount of principal notes plus accrued and unpaid interest.
Shares fell $1.33, or 11.3 percent, to $10.46 in afternoon trading.
(This version CORRECTS headlines to say company offered to buy notes, not offered notes themselves.)
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