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CuraGen buys back $23.9 million 6% convertibles
New York, Sept. 20 - CuraGen Corp. said it bought back $23.9 million face amount of its 6% convertible subordinated notes due February 2007 in August and September.
The New Haven, Conn.-based biopharmaceutical company paid $23.8 million for the notes, funding the repurchases with proceeds from its recent sale of common stock.
CuraGen now has $66.2 million of the 6% convertibles and $110 million of its 4% convertible subordinated notes due 2011 outstanding.
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