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United Microelectronics cuts conversion price of convertibles due 2016
By Marisa Wong
Madison, Wis., July 22 - United Microelectronics Corp. said that it will adjust the conversion price of its $500 million zero-coupon convertible bonds due 2016 to $3.4713 from $3.77, effective July 31.
The price adjustment is due to a cash dividend announced on July 8.
Based in Taiwan, United Microelectronics makes process integrated circuits for the semiconductor industry.
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