Adaptec Inc, Milpitas, California disk controller maker, raised $230m before expenses in a private placing of 4.75% convertible subordinated notes due 2004. The notes are convertible at a par value of $51.66 into about 4.45 million common shares. The company did not identify the placing agent for the deal.
Adaptec Inc, Milpitas, California disk controller maker, raised $230m before expenses in a private placing of 4.75% convertible subordinated notes due 2004. The notes are convertible at a par value of $51.66 into about 4.45 million common shares. The company did not identify the placing agent for the deal.