Borland Software to spend up to $36 million to buy back 2.75% convertibles

By Susanna Moon

Chicago, Feb. 27 - Borland Software Corp. plans to repurchase a portion of its 2.75% convertible senior notes due Feb. 15, 2012 in the open market or in privately negotiated transactions, according to an 8-K filing with the Securities and Exchange Commission.

The company's board of directors authorized the company to use up to $36 million of its available cash for the buyback on Friday.

The issuer is an Austin, Texas, provider of technology and consulting services.

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