BZT News 29.22 Beazer Homes USA Inc. 7.50% Tangible Equity (
Post# of 273249
Beazer Homes Exchanges Certain Tangible Equity Units for Equity Ahead of Mandatory Conversion Date
Business Wire - Wed Mar 12, 3:43PM CDT
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) announced today that it has agreed to the terms of an unsolicited request to exchange approximately 19%, or 890,000, of its outstanding 7.50% tangible equity units ("TEUs" (NYSE: BZT) due 2015, for 1,368,108 shares of common stock, or 1.5372 shares per unit.