IPG Tenders $700.5 Mil. in Notes
Interpublic Group said last week that $700.5 million in zero-coupon convertible senior notes due 2021, or about 99.8 percent of the issue, were tendered in response to the holding company's offer, which expired at midnight on April 4.
Coke Invests in College Sports Television
In a $15 million deal, Coca-Cola has signed a letter of intent to take a $10 million equity stake in College Sports Television, a broadcaster of sports from 1,200 U.S. universities and colleges. The Atlanta-based soft-drink company has also pledged $5 million toward marketing efforts for the New York-based network, which launched last week.