EDO to redeem 5.25% convertibles

New York, Nov. 14 - EDO Corp. said it will redeem all $137.8 million of its outstanding 5.25% convertible subordinated notes due 2007.

The company will pay 102.1% of par plus accrued interest.

Funding for the redemption will come from a $175 million offering of new convertibles.

EDO is a New York-based maker of products for the defense industry and commercial markets, and provides related engineering and professional services.

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