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Advantest lowers conversion price for zero-coupon convertibles due 2019
By Marisa Wong
Morgantown, W.Va., May 22 – Advantest Corp. gave notice that it adjusted the conversion price for its zero-coupon convertible bonds due 2019.
The conversion price was lowered to ¥1,638.9 from ¥1,647.1, effective retroactively to April 1.
The company said the adjustment is due to a dividend payment of ¥25 per share approved by its board of directors on Monday.
Advantest is a Tokyo-based manufacturer of automatic test equipment for the semiconductor industry.
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