ASM bondholders exercise right to convert 6.5% convertibles to shares

By Tali David

Minneapolis, Nov. 26 - Following ASM International NV's Oct. 8 announcement that it would exercise its right to redeem all €150 million of its outstanding 6.5% senior unsecured convertible bonds, all bondholders exercised their right to convert their bonds into ordinary shares, according to a press release.

As a result of this conversion, outstanding common shares increased with 9,074,396 shares.

ASM is an Almere, Netherlands-based semiconductor equipment maker.

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