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Hewitt to redeem remaining 2.5% convertibles at par on Dec. 31
By Susanna Moon
Chicago, Nov. 24 - Hewitt Associates, Inc. said it will pay par plus accrued interest for its remaining $200,000 of its 2.5% convertible senior notes due Oct. 1, 2010 on Dec. 31.
Holders may convert the notes until the close of the business day before the redemption date.
The notes are convertible at 17.0068 Hewitt shares per $1,000 principal amount of the notes.
The Bank of New York Mellon Trust Co. NA is the paying agent.
On Nov. 17, the company said it planned to redeem its remaining $200,000 of its 2.5% convertibles after holders put back $109.8 million of the $110 million of securities on Oct. 1.
Hewitt is a Lincolnshire, Ill.-based human resources services company.
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