Barnes & Noble to call $300 million of 5¼% convertibles

Pittsburgh, June 3 - Barnes & Noble Inc. will call all of its $300 million outstanding 5¼% convertible subordinated notes due 2009 on June 28.

The redemption price is 103% of par with accrued interest up to the redemption date.

The notes can be converted into common stock at a conversion price of $32.512 per share. Barnes & Noble stock closed at $30.64 Wednesday.

The company is a New York City-based bookseller.

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