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Advanced Energy calls 5% convertibles
New York, Aug. 26 - Advanced Energy Industries, Inc. said it will redeem its 5% convertible subordinated notes due Sept. 1, 2006 on Sept. 28.
The company called its 5¼% convertible subordinated notes due 2006 on Aug. 17.
The 5% notes will be redeemed at 101% of par plus accrued interest to the redemption date.
Up to 5 p.m. ET on Sept. 27, holders can convert the notes to stock at a price of $29.83 per share. Advanced Energy stock closed at $11.52 Friday.
Advanced Energy is a Fort Collins, Colo., makes equipment for the manufacture of semiconductors and other technology products.
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