Teradyne buys back $71.5 million 3.75% convertibles due 2006

By Jennifer Chiou

New York, Dec. 21 - Teradyne Inc. said that during the fourth quarter it repurchased $71.5 million of its 3.75% convertible senior notes due 2006 in privately negotiated transactions, according to an 8-K filing with the Securities and Exchange Commission.

The company bought back the convertibles at a weighted average price of 99.11% of the principal amount.

On Aug. 18, 2004, Teradyne's board authorized the repurchase.

As of Dec. 20, $300 million of convertibles remain outstanding.

Teradyne is a Boston-based supplier of automatic test equipment and high performance interconnection systems.

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