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Published on 4/14/2005 in the Prospect News Convertibles Daily.

FLIR to buy back up to $100 million convertibles

New York, April 14 - FLIR Systems, Inc. said its directors have approved the repurchase of up to $100 million of its convertible notes and 3 million shares of common stock.

The buybacks can be through open market purchases, block trades or privately negotiated transactions.

As of March 31, FLIR had $210 million of convertibles and 70 million shares outstanding.

FLIR is a Portland, Ore., manufacturer of infrared imaging systems.


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