Strides Arcolab repurchases $500,000 in 0.5% convertibles due 2010

By Devika Patel

Knoxville, Tenn., Dec. 16 - Strides Arcolab Ltd. announced it bought back and will extinguish $500,000 of its $40 million in 0.5% convertible bonds due 2010.

The company may buy more of the bonds in future purchases.

Strides Arcolab is a Bangalore, India-based pharmaceutical manufacturing company.

© 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.