Ritek buys back $1 million 0.5% convertibles

New York, April 16 - Ritek Corp. said it bought back $1 million of its 0.5% convertible bonds due 2007.

The Taiwanese optical disk, photonics and electronics company paid 121.153% of par for the securities, which it bought from April 14 to 16.

Following the repurchase, Ritek has now bought back $27 million of the convertibles out of the $175 million originally issued.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.