Conexant converts Skyworks 15% convertibles to stock

New York, May 12 - Skyworks Solutions Inc. said Conexant Systems Inc. converted its $45 million of 15% convertible senior subordinated notes issued by Skyworks into 5.72 million shares of Skyworks common stock.

The conversion was made on May 6 and came ahead of the previously announced call of the notes by Skyworks scheduled for May 12, according to an 8-K filing with the Securities and Exchange Commission.

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