Top Image to buy back up to $2.5 million of convertibles

By Laura Lutz

Des Moines, March 12 - Top Image Systems announced that its board approved the payment of up to $2.5 million to repurchase its outstanding series A convertible debentures.

The company said it may buy back the debentures in open-market or private deals.

The debentures were originally issued on Dec. 18, 2006.

Top Image is a Tel Aviv-based producer of content management software.

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