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TranSwitch Private Placement
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Business New Haven
9/18/2000
By: BNH
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SHELTON - TranSwitch Corp. (NASDAQ: TXCC) announced that it planned to sell in a private placement $250 million in convertible notes due 2005. The offering is scheduled for some time in September, subject to market conditions. Proceeds will be used for working capital and general corporate purposes. The notes are convertible to common stock.
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