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SonoSite repurchases $80.3 million of its convertible notes
By Devika Patel
Knoxville, Tenn., Feb. 12 - SonoSite, Inc. announced it saw a $15.7 million pre-tax gain in 2008 from the repurchase of $80.3 million of senior convertible notes.
As previously reported on Oct. 30, the company said it bought back $60.3 million of its 3.75% convertible notes due 2014 in the open market for approximately $47.4 million in cash.
SonoSite is a Seattle medical-device company.
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