Novell To Buy Back $122M in Debt

In a tender offer registered today with the Securities and Exchange Commission, Waltham, MA-based network software maker Novell said it will buy back up to $121.6 million in convertible debt notes from the debt holders. The one-for-one offer, which commences June 15 and expires July 14, covers 0.50 percent convertible senior debentures due in 2024, the company said in an announcement.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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