Core Lab adjusts exchange rate on senior exchangeables due 2011

By Marisa Wong

Milwaukee, Feb. 10 - Core Laboratories NV announced that the exchange rate on its outstanding senior exchangeable notes due 2011 was adjusted to 10.8120 shares per $1,000 due to an increase to the next quarterly scheduled dividend.

The change was effective as of Jan. 26.

Core plans to pay a quarterly cash dividend of $0.12 per share in the first quarter of 2010.

Core is an Amsterdam-based provider of data and services to the oil industry.

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