Mon, 1st Sep 2008 18:54 LONDON, Sept 1 (Reuters) - SkyePharma Plc
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* Announces proposals for renegotiated terms for the 2024 and 2025 convertible bonds, extending put dates to 2013 and 2014 respectively and resetting the conversion price
* A related fully underwritten Placing and Open Offer of 1,401,780,736 new shares to raise 18.4 million pounds (net of expenses), and a share capital reorganisation
* The new ordinary shares have been placed by Credit Suisse and Piper Jaffray, the company's brokers, with a range of existing and new institutional and strategic investors ((London Equities Newsroom; +44 20 7542 7717))
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