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News Corporation Provides News America Update - 0.75% Senior Exchangeable BUCS
16 Mar 2010 | 08:56:00 | Associate analysts | Increase | Decrease | 
Original announcement: SEC Form 8K
News Corporation reported News America Incorporated, a subsidiary of the Company, announced that it redeemed 98.6% of its 0.75% Senior Exchangeable BUCS at the specified redemption price of $1,013.48 per Security in connection with the holders' right to tender Securities on the March 15, 2010 holder redemption date (the Holder Redemption). Additionally, News America issued a notice to the remaining holders of the Securities announcing that it will redeem all of the remaining outstanding Securities on April 14, 2010 for cash. In connection with the Holder Redemption, News America paid an aggregate of approx. $1.65bn to the holders of the Securities that had exercised this redemption option which is based on the redemption price of $1,013.48 per Security.
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