Solectron to pay convertible put in cash

New York, April 21 - Solectron Corp. said it plans to pay the upcoming put on its zero-coupon convertible senior notes due November 2020 in cash.

The convertibles are putable on May 20.

The Milpitas, Calif., electronic manufacturing services company has the option of paying the put in cash, stock or a combination.

As of Feb. 29, the accreted value of the notes was $946 million.

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