Quanex calls remaining 6.88% convertibles

New York, May 9 - Quanex Corp. said it is calling the remaining $58.7 million principal amount of its 6.88% convertible subordinated debentures due June 30, 2007.

The Houston manufacturer of materials and components for the vehicle and building products markets said it will redeem the notes on June 12 at 100.688 plus accrued interest.

Holders can convert the debentures up until the close of business on June 5 at a conversion price of $31.50. Quanex stock closed at $36.50 Thursday.

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