Ciber bought back $61 million of convertibles in first quarter; remainder expected to be put

By Jennifer Chiou

New York, April 24 - Ciber, Inc. said it purchased $61 million of its convertible debentures during the first quarter.

The company now has bought back $84 million of the original $175 million of debentures and said that it expects that the remaining notes will be put back in December 2008.

The Greenwood Village, Colo., provider of system integration consulting services issued $175 million of the debentures on Dec. 2, 2003.

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