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PMC
PMCS, the semiconductor innovator transforming networks that
connect, move, and store big data, announced today that the Company will
exercise its right under the corresponding indenture (the “indenture”) to
redeem all of the Company's 2.25% senior convertible notes due 2025 (the
“notes”). The redemption will take place on October 20, 2012, at one hundred
per cent (100%) of the outstanding principal amount of the notes plus accrued
and unpaid interest. As a result of the call for redemption, the notes may
also be surrendered by the Company's holders for conversion through October
18, 2012, as provided for in the indenture.
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