Benchmark to redeem 6% convertibles

New York, Aug. 8 - Benchmark Electronics, Inc. said it will redeem all its 6% convertible subordinated notes due 2006 on Sept. 8.

The Angleton, Texas electronics manufacturer will pay $1,029.54 per $1,000 principal amount of the notes plus accrued interest up to but not including the redemption date of $3.83 per $1,000 principal amount.

Up to 5.00 p.m. ET on Sept. 7, holders can convert the notes into stock at a price of $40.20 per share, or 24.88 shares per $1,000 principal amount. Benchmark stock closed at $38.80 on Thursday.

The company has $80.2 million of the notes outstanding.

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