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Hitachi Metals investors put ¥19.9 billion 0% convertibles due 2016
By Devika Patel
Knoxville, Tenn., Aug. 27 - Hitachi Metals, Ltd. said holders of the company's ¥20 billion in zero-coupon convertible bonds due 2016 have exercised their put option, requiring the company to buy back ¥19.895 billion of the convertibles on Sept. 13.
The Minato-Ku, Japan, company makes high-grade metal products and materials, electronics and information components and high-grade functional components.
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