Shuffle Master shuffles higher on amended terms for convertible senior notes
Shares of Shuffle Master, Inc. (Nasdaq:SHFL) are treading higher in pre-market trading after the gaming supply company said this morning that it has amended the terms of its cash tender offer for its outstanding 1.25% contingent convertible senior notes due 2024. The firm has now extended the offer to August 22, 2008 and will purchase any outstanding notes at a purchase price per each $1,000 principal amount of the notes equal to $972.50, plus all accrued and unpaid interest up to the date of payment for the notes accepted for payment.
Shares galloped 15%, or $0.78, to %5.90 in pre-market trading. For detailed price information and recent news stories about Shuffle Master, click SHFL.
