LabCorp’s zero-coupon notes remain convertible through end of March

New York, Jan. 2 – Laboratory Corp. of America Holdings said that holders may convert its zero-coupon convertible subordinated notes due 2021 until 5 p.m. ET on March 31.

The company will pay cash for the accreted principal amount and stock for any remaining amount.

LabCorp’s notes were also convertible during the quarter just completed.

The Bank of New York Mellon is the trustee and conversion agent.

Burlington, N.C.-based LabCorp develops diagnostic technologies.

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