Oct 13 (Reuters) - Conseco Inc:
* Announces that Paulson agrees to buy common stock and warrants
* Says to sell to Paulson 16.4 million shares of common stock and warrants to
purchase 5.0 million shares
* Says upon closing Paulson will own approximately 9.9% of Conseco's
outstanding shares
* Says aggregate purchase price of $77.9 million
* Says warrants that Paulson will receive, will have an exercise price of $6.50
per share of common stock
* Conseco says to sell to Paulson & Co Inc 16.4 mln shares of
common stock and warrants to purchase 5.0 million shares
* Says to privately offer up to $293.0 million aggregate principal amount of
convertible senior debentures
* Says half of proceeds from issuance of these shares will be used to repay
indebtedness under Conseco's credit agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces that Paulson agrees to buy common stock and warrants
* Says to sell to Paulson 16.4 million shares of common stock and warrants to
purchase 5.0 million shares
* Says upon closing Paulson will own approximately 9.9% of Conseco's
outstanding shares
* Says aggregate purchase price of $77.9 million
* Says warrants that Paulson will receive, will have an exercise price of $6.50
per share of common stock
* Conseco says to sell to Paulson & Co Inc 16.4 mln shares of
common stock and warrants to purchase 5.0 million shares
* Says to privately offer up to $293.0 million aggregate principal amount of
convertible senior debentures
* Says half of proceeds from issuance of these shares will be used to repay
indebtedness under Conseco's credit agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
