Micron Technology calls $617. 5 million 2.5% convertibles due 2010

By Jennifer Chiou

New York, Jan. 17 - Micron Technology, Inc. announced the Feb. 6 redemption of its $617.5 million of 2.5% convertible subordinated notes due Feb. 1, 2010.

The notes will be redeemed at $1,014.64 per $1,000 principal amount, including accrued interest of $0.35.

Noteholders may convert their securities into 84.832 Micron shares per $1,000 principal amount of notes before 5 p.m. ET on Feb. 3. The conversion price is $11.79 per share.

The company's stock closed down $0.54, or 3.72%, at $13.97 on Tuesday.

Wells Fargo Bank, NA is the conversion and redemption agent (800 344-5128).

Boise, Idaho-based Micron provides advanced semiconductor services.

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