Conmed buys back $25 million 2.5% convertibles at 20% discount

By Susanna Moon

Chicago, Jan. 5 - Conmed Corp. said it repurchased and retired $25 million face value of its 2.5% convertible notes during the fourth quarter at a discount of about 20%.

The repurchase was funded mostly with cash.

The transaction resulted in a pre-tax gain of about $4.4 million.

Conmed is a Utica, N.Y.-based medical technology company.

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