Pixelworks redeems another $14.1 million of its 1.75% convertibles

By Susanna Moon

Chicago, Aug. 18 - Pixelworks, Inc. said it repurchased about $14.1 million principal amount of its outstanding 1.75% convertible subordinated debentures on Aug. 15 at 70% to 71% of par in the open market and through private transactions.

The purchases bring the company's total repurchases in 2008 to $79.4 million at prices ranging from 70 to 74.

On Aug. 6, the company said it bought back $15 million of the convertibles at 70 to 71. The company also completed a modified Dutch auction tender offer in March.

Pixelworks provides video and pixel processing technology for manufacturers of digital projectors and flat-panel display products. The company is located in Tualatin, Ore.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.