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Red Hat bought back $20 million convertibles during quarter
New York, Sept. 28 - Red Hat, Inc. said it bought back $20 million of its convertible bonds during the fiscal second quarter ended Aug. 31.
As of Aug. 31, it had $570 million of convertibles outstanding.
The Raleigh, N.C., provider of open source software and Linux also bought back $11.6 million of common stock in the three months.
At the end of August, it had $966 million of cash and investments.
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