Strides Arcolab repurchases $1.5 million of 0% convertibles due 2012

By Devika Patel

Knoxville, Tenn., Dec. 30 - Strides Arcolab Ltd. announced it bought back and will extinguish $1.5 million of its $100 million in 0% convertible bonds due 2012.

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

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

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