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SCT buys back $11 million 5% convertibles
New York, Oct. 8 - SCT said it bought back a further $11 million of its 5% convertible subordinated debentures due 2004.
The Malvern, Pa. provider of technology to higher education said it bought the securities at a price of 95 plus accrued interest, paying $10.43 million of principal and $259,000 of interest for a total of $10.71 million including fees.
On Oct. 1 SCT said it bought back $29.1 million of its 5% convertible subordinated debentures due 2004 at a price of 96 plus accrued interest.
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