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Coleman Worldwide Corporation Offer to Purchase LYONs Expires.


NEW YORK--(BUSINESS WIRE)--May 19, 1998--Coleman Worldwide Corporation announced that its offer to purchase for $343.01 in cash any and all outstanding Liquid Yield Option Notes Liquid yield option note (LYON)

Zero-coupon, callable, putable, convertible bond developed by Merrill Lynch & Co.
 due May 27, 2013 (the "LYONs") had expired in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[]

As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh.
 with the terms of such offer on Monday, May 18, 1998.

Coleman Worldwide has been informed by U.S. Bank Trust National Association, the paying agent Paying Agent

An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent.
, that, as of 12:00 midnight on Monday, May 18, 1998, $651,000.00 in aggregate principal amount at maturity of LYONs had been tendered in the offer and that $3,235,000.00 aggregate principal amount at maturity of LYONs remained outstanding.

CONTACT: Media: Investment Community:

Maureen Bailey Ronald Richter Ronald Richter (1909-1991) was an Austrian, later Argentinian, scientist who became famous in connection with the Huemul Project and the National Atomic Energy Commission. This was intended to generate energy from nuclear fusion in the 1950s in Argentina, during the regime of Juan  

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Publication:Business Wire
Date:May 19, 1998
Words:119
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