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Published on 12/15/2008 in the Prospect News Convertibles Daily.

Avatar may repurchase up to $30 million of its 4.5% convertibles

By Devika Patel

Knoxville, Tenn., Dec. 15 - Avatar Holdings Inc. announced it plans to buy back $30 million of its $78.88 million in 4.5% convertible senior notes and common shares.

Avatar is a Coral Gables, Fla.-based real estate company.


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