Conexant buys back $100 million convertibles

New York, April 17 - Conexant Systems, Inc. said it retired $100 million of its convertibles during the second fiscal quarter at a cost of $56 million.

The Newport Beach, Calif. communications chipmaker said that the $215 million early debt repayment it received from Skyworks Solutions, Inc. during the quarter gave it sufficient resources to retire a "significant portion" of its convertibles four years ahead of maturity.

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