The company also announced that it had granted the underwriters the possibility of a capital purchase of some $150 million of additional convertible senior notes. The notes are convertible by the stakeholder before redemption or maturity, at a fixed price of $23.84 per share.
After the announcment Nextel share closed at $19.07, a considerable distance away from the 52 week high of $73 yet much improved from a low of $11.19.
