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Stock Market & Financial Investment News

News Breaks
January 2, 2014
17:11 EDTSBACConversion right triggered on SBA Communications 4% convertible senior notes
SBA Communications announced that SBA's 4% Convertible Senior Notes due 2014 are convertible by holders of such notes. Pursuant to the terms of the Indenture that governs the 4% Notes, SBA has the right, from time to time, to elect to satisfy its conversion obligation under the 4% Notes in shares of SBA's Class A common stock, cash or a combination of SBA's Class A common stock and cash, and that election is effective until SBA provides notice of a different method of settlement. Upon issuance of the 4% Notes, SBA elected to settle such notes in shares of SBA's Class A common stock and that election is still in effect. The conversion right for the 4.0% Notes has been triggered because SBA's Class A common stock closing price per share exceeded $39.49 for at least 20 trading days during the 30 consecutive trading day period ending on December 31. The 4% Notes will continue to be convertible until March 31, 2014, and may be convertible thereafter, if one or more of the conversion conditions specified in the Indenture, dated as of April 24, 2009, by and between SBA and U.S. Bank National Association, is satisfied during future measurement periods.
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April 22, 2014
10:24 EDTSBACHigh option volume stocks: NRG JNS MDSO ASHR EEP SBAC
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April 21, 2014
10:25 EDTSBACHigh option volume stocks: SBAC SMH ZQK URA OTEX
April 14, 2014
10:30 EDTSBACHigh option volume stocks: ZLTQ GLOG RHT SBAC EW
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