RadiSys to buy back further $10 million 5½% convertibles

New York, May 28 - RadiSys Corp. said its directors authorized repurchases of a further $10 million principal amount of its 5½% convertible subordinated notes.

The Hillsboro, Ore. communications equipment company said it would buy back the securities in the open market or in privately negotiated transactions over the "next several months" subject to market conditions.

The latest $10 million is in addition to $20 million previously authorized. RadiSys said it has bought back $12 million of the convertibles so far this quarter and $8 million in the first quarter.

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