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Cyberonics buys back $16.8 million convertibles at discount in quarter
By Susanna Moon
Chicago, Feb. 17 - Cyberonics, Inc. said it repurchased $16.8 million of its outstanding convertible debt for $15.7 million for the quarter ended Jan. 22.
As a result, the company said it recorded a net gain of $0.8 million in the quarter.
The company said on Nov. 18, 2009 that it had about $39.2 million of convertible debt outstanding as of Oct. 23.
Cyberonics is a Houston-based medical technology company with a focus on neuromodulation.
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