Spacehab buys back $1.75 million convertibles

By Jennifer Chiou

New York, Nov. 13 - Spacehab, Inc. announced the repurchase of $1.75 million of its convertible notes due October 2010 on the open market on Oct. 31.

On Sept. 25, the company's board of directors authorized repurchasing up to $6 million of the company's common stock and outstanding convertibles.

Purchases under the program may be made from time to time in the open market or through block trades.

The Webster, Texas, provider of space services has about 16.4 million shares of common stock and $5.1 million par value of convertibles still outstanding.

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