Ritek buys back $8.65 million 0.5% convertibles

New York, Dec. 3 - Ritek Corp. said it bought back $8.65 million of its 0.5% convertible bonds due 2007 at a price of 114.058.

The Taiwanese optical disk, photonics and electronics company paid a total of $9.866 million for the securities.

The buyback brings Ritek's total repurchases of the 0.5% convertibles to $26 million, the company said in a filing with the Taiwan Stock Exchange.

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