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NEW YORK Almost all of the investors holding Omnicom’s zero-coupon convertible bonds, due 2031, elected to accept a $30 dollar per $1000 bond inducement not to sell back the $850 million of notes to the company at this time, a right provided to investors when the bonds were issued in 2001.
The company offered to pay the “sweetener” to holders retaining the bonds beyond the “put” deadline of February 4th.
This was the second opportunity for investors to compel Omnicom to redeem the bond at face value.
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