NEW YORK (TheStreet) -- Ariad Pharmaceuticals (ARIA - Get Report) fell in after-hours trading Wednesday after the oncology company announced a proposed $175 million aggregate principal amount of convertible senior notes due 2019 in a private placement.
The proposal includes a 30-day option for initial buyers to purchase up to an additional $50 million aggregate principal amount under the same terms.
The stock was down 4.27% to $6.72 at 4:46 p.m.
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