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Radiant Opto-Electronics cuts conversion price of 2016 convertibles
By Marisa Wong
Madison, Wis., Aug. 1 - Radiant Opto-Electronics Corp. said it lowered the conversion price of its third issue euro convertible bonds due 2016 to NT$127.52 from NT$138.58.
The new conversion price is effective Aug. 23.
Radiant issued $100 million of the bonds in July 2011.
The backlight module manufacturer and research and development company is based in Kaohsiung City, Taiwan.
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