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Symbol Technologies' Telxon unit calls 5¾%, 7½% convertibles
New York, March 7 - Symbol Technologies, Inc. said its Telxon Corp. unit is calling all its outstanding 5¾% convertible subordinated notes due Jan. 1, 2003 and all its outstanding 7½% convertible subordinated debentures due June 1, 2012. The total principal amount outstanding is $45.089 million.
The redemption date will be April 15 and the 5¾% notes will be called at 100.8214 plus accrued interest while the 71/2s will be called at par plus accrued interest.
Symbol is a Holtsville, N.Y. maker of mobile data transaction systems.
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