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BayStar Says SCO Breached Note
Updated from 2:42 p.m. EDT
Shares of SCO Group(SCOX Quote) tumbled 8% on news that a major investor wants to call in a big loan.
In recent trading the stock was down 77 cents to $8.89.
In October, BayStar Capital bought a $50 million convertible note from SCO, which on conversion would have given the fund nearly 3 million shares of SCO stock, or 17.5% of shares outstanding. ...
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