China Cord Blood Modifies Terms for Warrants

China Cord Blood Corporation said it will offer holders of warrants the opportunity to exchange one ordinary share for every eight warrants. The warrants are due to expire on December 13, 2010, just three months from now. At present, each warrant entitles the holder to buy one share at $5. No financial terms were announced. As China Cord Blood’s shares are currently trading at $4, close to a year-low, the warrants do not have much value currently. More details.... Stock Symbol: (NYSE: CO)