Issuable \Is"su*a*ble\, a. [From {Issue}.] 1. Leading to, producing, or relating to, an issue; capable of being made an issue at law. --Burrill.
2. Lawful or suitable to be issued; as, a writ issuable on these grounds.
{Issuable plea} (Law), a plea to the merits, on which the adverse party may take issue and proceed to trial.
The company said the tender would reduce borrowing costs, as well as reduce by about 3.3 million the number of Merrill Lynch common shares potentially issuable; the Lyons are convertible into Merrill common stock.
It filed with the Securities and Exchange Commission covering the stock issuable upon conversion of the notes.
British Printing valued its $44-a-share offer at about $2 billion, including Harcourt shares issuable upon conversion of debentures, bringing the total to 45.3 million shares outstanding on a fully diluted basis.
As of Sept. 26, the company said it had received offers for about 40.4 million shares, including shares issuable upon conversion of convertible debentures.