Midway Announces Conversion Rate Adjustment for 6.0% Convertible Senior Notes
April 30 2007 - 4:03PM
Business Wire
Midway Games Inc. (NYSE:MWY) announced today an adjustment to the
conversion rate for its 6.0% Convertible Senior Notes due 2025 (the
�Notes�). The new conversion price for the Notes is $10.00,
effective April 30, 2007. The conversion price for the Notes was
previously $17.75 per share of common stock. Notice of the
conversion rate adjustment was delivered today to the registered
holder and Wells Fargo Bank, National Association, the trustee, in
accordance with the terms of the Notes. About Midway Games Midway
Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with
offices throughout the world, is a leading developer and publisher
of interactive entertainment software for major videogame systems
and personal computers. More information about Midway and its
products can be found at www.midway.com.
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