Finisar exchanges further $8 million of 5¼% convertibles

New York, Dec. 10 - Finisar Corp. exchanged a further $8 million of its 5¼% convertible subordinated notes due 2008 in the quarter ended Oct. 31, 2008 in addition to amounts already reported.

In total during the six months ended Oct. 31, Finisar exchanged and repurchased $24.8 million of the 5¼% convertibles for 9.926 million shares and $1.9 million of cash, according to a filing with the Securities and Exchange Commission.

All the repurchases and exchanges were in privately negotiated transactions.

Finisar previously disclosed that in the quarter ended July 31 it exchanged $5.0 million of the convertibles for 2.312 million shares and a further $11.8 million of the convertibles for stock during August.

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