Quantum Announces Results of Tender Offer
$87 million or 54.5% tendered
This is a Press Release edited by StorageNewsletter.com on June 5, 2009 at 3:44 pmQuantum Corp. announced the expiration and final results of the previously announced tender offer for its 4.375% Convertible Subordinated Notes due 2010. The tender offer expired at 5:00 p.m. EDT on June 3, 2009.
As of the expiration date, $87,181,000 in aggregate principal amount of the Notes, representing approximately 54.5 percent of the aggregate principal amount of the outstanding Notes, had been validly tendered in the tender offer. All Notes validly tendered and not validly withdrawn in the tender offer have been accepted for payment by Quantum.