Novell buys back some of its 0.5% convertible debentures due 2024

By Devika Patel

Knoxville, Tenn., April 30 - Novell, Inc. used $115.6 million in cash to buy back some of its $600 million outstanding 0.5% convertible senior debentures due 2024, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company is a Waltham, Mass.-based computer networking firm.

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