Gongboy, as the CBs are in the money they're currently trading at about 110/111 (last check, my fund has a few). As such they're basically offering to pay the current market price. It doesn't effect the terms of the merger because if the bonds are converted existing holders will be diluted instead.
HZN Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
ROC Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
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