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Merisel negotiates $2 million offering of 10% convertibles due 2015
Company sells notes to majority shareholder Saints Capital Granite
By Toni Weeks
San Diego, Aug. 20 - Merisel, Inc. arranged a $2 million private placement of 10% convertible notes with Saints Capital Granite, LP, the company's majority shareholder.
The convertibles will mature Dec. 31, 2015.
Settlement is expected Aug. 21.
Merisel is a New York visual communications and brand imaging solutions company.
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