Quest Diagnostics Inc. (DGX) announced the pricing for cash tender offer to purchase any and all of 5.125% Senior Notes due 2010 and any and all of 7.50% Senior Notes due 2011. The offer will expire on November 19.
The company will pay holders who validly tendered and did not validly withdraw their Notes at or prior to the expiration date, the purchase price of $1,037.19 for each $1 thousand principal amount of its 2010 Notes accepted for purchase and $1,099.40 for each $1 thousand principal amount of its 2011 Notes accepted for purchase, plus, in each case, accrued and unpaid interest up to, but not including, the settlement date.
The settlement date for the tender offer is currently expected to be November 20.
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