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Published on 6/20/2003 in the Prospect News Convertibles Daily.

Lattice calls 4¾% convertibles

New York, June 20 - Lattice Semiconductor Corp. said it will redeem its $172.3 million 4¾% convertible subordinated notes due 2006 on July 21.

The Hillsboro, Ore. programmable chipmaker will pay $1,037.66 per $1,000 principal amount of convertibles, made up of the redemption price of $1,027.10 plus $10.56 of accrued interest up to but not including July 21.

Holders may convert their notes into Lattice stock up to 5.00 p.m. ET on July 18 at a price of $20.72 per share. Lattice stock closed at $8.20 on Thursday.

PerkinElmer calls remaining 0% convertibles

New York, June 20 - PerkinElmer, Inc. said it will redeem its remaining zero-coupon convertible debentures due 2020 on August 7.

The Boston company said it will pay $554.41 per $1,000 principal amount at maturity for a total of $157.4 million.

The convertibles remain outstanding after the company's refinancing plan completed in December.

Funding for the redemption will come from cash put in escrow following the refinancing.


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