Arris to redeem $50 million convertibles on March 8

New York, Feb. 9 - Arris said its previously announced redemption of $50 million of its 4½% convertible subordinated notes due 2008 will take place on March 8.

The Duluth, Ga., telecommunications technology company originally issued $125 million of the securities on March 18 last year.

Up to the close of business on the day before the redemption date, holders whose notes are called may convert them into Arris stock at a price of $5.00 per share. Arris stock closed at $10.30 Friday.

Any notes not converted will be redeemed at par plus accrued interest.

All holders, whether they convert or not, will also receive an interest make-whole payment in stock.

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