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delayed convertible

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delayed convertible
A security with a conversion feature that does not come into effect until a specified date.
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nbsp;for outstanding shares of its 5% delayed convertible preferred stock had been accepted by all holders of the existing preferred stock as of the expiration of the offer at midnight last night.
CD Radio Completes Exchange Offer by Business Wire
As of Friday, November 14, 1997, the Company had received tenders to exchange 4,984,088 shares of its 5% delayed convertible preferred stock, representing more than 95% of such stock.
CD Radio Extends Exchange Offer by Business Wire
In addition, the Company filed a registration statement for the issuance of Convertible Preferred Stock in exchange for the outstanding shares of its 5% Delayed Convertible Preferred Stock.
CD Radio Files Offerings by Business Wire
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