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Safeguard buys back $43 million 2.625% convertibles
By Devika Patel
Knoxville, Tenn., March 12 - Safeguard Scientifics, Inc. said it repurchased about $43 million of its 2.625% convertible senior debentures due March 15, 2024 at a 22% discount in 2008.
With this purchase, Safeguard has $86 million of debentures outstanding.
Safeguard is a Wayne, Pa., technology incubator.
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