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Digital Garage cuts conversion price on 0% convertibles due 2023
By Marisa Wong
Los Angeles, June 23 – Digital Garage, Inc. lowered the conversion price for its zero-coupon convertible bonds due 2023 to ¥5,544.1 from ¥5,558, according to a notice.
The change, effective retroactively to April 1, is due to payment of a dividend of ¥38 per share approved by shareholders on Tuesday.
The marketing technology company is based in Tokyo.
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