AST Research plans a public offering of...
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AST Research plans a public offering of $50 million in convertible bonds. The Irvine computer company said in a filing with the Securities and Exchange Commission that $27 million of the proceeds will be used to repay debt. The remainder will be used as capital to finance future expansion and for general corporate purposes. First Boston Corp. and Bear, Stearns & Co. will underwrite the offering, which is expected to take place late this month.
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