Vitesse Semiconductor calls all outstanding 4% convertibles

Pittsburgh, Oct. 21 - Vitesse Semiconductor Corp. will redeem all its outstanding 4% convertible subordinated debentures at par plus accrued interest, according to a company news release.

The redemption date is Nov. 15.

Holders can convert their debentures into Vitesse common stock until the close on Nov. 11 at a conversion price of $112.1875, the release said.

Vitesse stock closed at $2.79 Thursday.

Vitesse is a Camarillo, Calif.-based designer, developer and marketer of semiconductor solutions for communications and storage networks.

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