Safeguard buys back $43 million 2.625% convertibles

By Devika Patel

Knoxville, Tenn., March 12 - Safeguard Scientifics, Inc. said it repurchased about $43 million of its 2.625% convertible senior debentures due March 15, 2024 at a 22% discount in 2008.

With this purchase, Safeguard has $86 million of debentures outstanding.

Safeguard is a Wayne, Pa., technology incubator.

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