Laboratory Corporation of America® Holdings (LabCorp®)
(NYSE: LH) announced today that for the period of March 12, 2010 to
September 11, 2010, its Zero Coupon Convertible Subordinated Notes due
2021 (Zero Coupon Notes) will, subject to the terms of the Zero Coupon
Notes, accrue contingent cash interest at a rate of no less than 0.125%
of the average market price of a Zero Coupon Note for the five trading
days ended March 9, 2010, in addition to the continued accrual of the
original issue discount. Contingent cash interest, which the Company has
determined to be approximately $1.23 per Note, will be payable to
holders of the Zero Coupon Notes as of the record date, which is August
27, 2010. The payment of contingent cash interest is expected to be made
on September 14, 2010.
Lactate is essential to buffering the effects of a carbohydrate meal, study shows