Stilwell intends to use the proceeds from the sale to finance the purchase of shares of common stock in
The bonds, which have a face value of $810 million and were priced at 74.137 cents on the dollar, have a yield of one percent to maturity and are convertible into Stilwell shares at $43.22 under specified conditions. At the close of trading yesterday, shares of Stilwell common stock were trading at $29.30.
On Jan. 26, Stilwell announced it expected to acquire 600,000 shares of
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