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AMD exchanges 9.9 million common shares for $71 million of 4.5% convertibles in two trades
By Ted A. Knutson
Washington, Nov. 17 - Advanced Micro Devices, Inc. said Wednesday it exchanged 6,267,149 common shares Monday for $44 million of 4.50% convertible senior notes due 2007 held by an investor and 3,825,500 shares of common stock for $27 million of the notes held by another party on the same day.
The deals are expected to close Nov. 18.
As previously reported, AMD issued 8.749 million shares of its common stock in exchange for $60 million of the convertibles on Nov. 3.
The Sunnyvale, Calif.-based chipmaker made the announcement in an 8-K filing with the Securities and Exchange Commission.
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