By Lisa Johnston
New products on display at the American International Toy Fair, held in N
WASHINGTON, D.C. -XM Satellite Radio Holdings has completed pricing for a stock offering that will raise a total of $201.4 million for the company. A public offering of 7.5 million shares of its Class A common stock has been priced at $10.1875 per share and $125 million of 7.75 percent convertible subordinated notes due 2006. The notes will be convertible into shares of Class A common stock at a conversion price of about $12.22 per share.
Proceeds will be used primarily for marketing, systems and other general corporate purposes, and are expected to fund company operations into 2002.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.