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Novell buys back more of its convertible debentures due 2024
By Devika Patel
Knoxville, Tenn., May 29 - Novell, Inc. said in a report of its financial results for the past quarter that it repurchased some of its outstanding 0.5% convertible senior debentures due 2024.
At the end of October 2007, the company had $600 million of the debentures outstanding; it now has $479.39 million of the notes outstanding.
To date, the company said in the report, $135 million in cash has been used to buy back the debentures.
The company is a Waltham, Mass.-based computer networking firm.
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