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Richardson Electronics to redeem $10 million of 7.75% notes due 2011
By Marisa Wong
Milwaukee, March 10 - Richardson Electronics, Ltd. will redeem $10 million of its $43,833,000 outstanding 7.75% convertible senior subordinated notes due 2011, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
Richardson will redeem the notes on March 22 at par plus accrued interest up to the redemption date.
Law Debenture Trust Co. of New York is the trustee for the notes.
Richardson is a LaFox, Ill., electronics components distributor.
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