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Biogen says 99.2% of LYONs put back to company
New York, May 3 - Biogen Idec Inc. said holders of $1.195 billion principal amount at maturity or 99.2% of its Liquid Yield Option Notes due 2032 exercised the put option on April 29, leaving $10.17 million principal amount at maturity outstanding.
The Cambridge, Mass., pharmaceutical company paid $624.73 per $1,000 principal amount at maturity for securities put back.
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