Fluor announces adjustment of conversion rate for 1.5% convertible senior notes due 2024

Irving, texas--(business wire)--fluor corporation (nyse:flr) announced today that the conversion rate applicable to its outstanding 1.5% convertible senior notes due 2024 will be adjusted to 36.2815 from 35.9104, effective march 7, 2011, subject to further adjustment as provided in the governing indenture. the adjustment has been made pursuant to the terms of the indenture as a result of the company’s recognition of postponed adjustments relating to cash dividends paid since the third quarter of 2008, which adjustments were carried forward as permitted under the indenture. about fluor corporation fluor corporation (nyse: flr) designs, builds and maintains many of the world's most challenging and complex projects. through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. headquartered in irving, texas, fluor is a fortune 200 company and had revenues of $20.8 billion in 2010. for more information, visit www.fluor.com.
FLR Ratings Summary
FLR Quant Ranking