Advanced Medical Optics exchanges $3 million convertibles for stock

By Sheri Kasprzak

Atlanta, Nov. 15 - Advanced Medical Optics Inc. said Monday it has issued common stock in exchange for $3 million of its 3.5% convertible senior subordinated notes due 2023.

The company issued 162,319 shares of stock in the transaction, which took place on Friday.

Advanced Medical Optics is a Santa Ana, Calif.-based ophthalmic surgical and eye care product manufacturer. The company's stock closed Friday at $39.88.

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