Hutchinson Technology buys back $60 million of its 2.25% convertibles due 2010

By Devika Patel

Knoxville, Tenn., Dec. 9 - Hutchinson Technology Inc. reported it has repurchased on the open market about $60 million of its 2.25% convertible subordinated notes due 2010 for about $48 million in cash, including accrued interest.

The company is a Hutchinson, Minn.-based disk drive producer.

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