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Solar Applied Materials buys back $2.1 million more 0% convertibles
By Marisa Wong
Madison, Wis., Feb. 13 - Solar Applied Materials Technology Corp. said it repurchased another $2.1 million of its 0% convertible notes due 2016 in the open market. The repurchased bonds were canceled.
Solar issued $115 million of the convertible bonds in July 2011 and has repurchased a total of $18.4 million of the bonds since November.
The Tainan City, Taiwan-based company makes high-technology metals and rare materials for coating metal disks like CDs and DVDs.
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