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Taiwan's Ritek buys back $11.75 million 0% convertibles
New York, Aug. 23 - Ritek Corp. said it bought back $11.75 million of its 0% convertible bonds due 2008.
The Taiwanese optical disk, photonics and electronics company paid 99.83% of par for the securities for a total of $11.73 million.
Ritek said on May 20 it bought back $14.45 million of its 0.5% convertible bonds due 2007, the most recent in a series of repurchases. Following that buyback, Ritek had repurchased $97.158 million of the original $175 million of the 0.5% convertibles.
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