Mindspeed lifts conversion price on 3.75% convertibles due 2009 to $11.51

By Devika Patel

Knoxville, Tenn., June 2 - Mindspeed Technologies Inc. said it has adjusted the conversion price on its 3.75% convertible senior notes due 2009 to $11.55 from $2.31, effective July 1.

The change is due to a reverse stock split.

Wells Fargo Bank, NA is the trustee.

Newport Beach, Calif.-based Mindspeed designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks.

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