BERKELEY, Calif.--(BUSINESS WIRE)--Jan. 11, 2006--XOMA Ltd. (Nasdaq:XOMA) today announced that it has commenced an offer to exchange up to $60,000,000 aggregate principal amount of its new 6.50% Convertible SNAPs(sm) due 2012 for up to all of the $60,000,000 aggregate principal amount of its currently outstanding 6.50% Convertible Senior Notes due 2012. In addition, the Company is offering an additional $10,000,000 of the new Convertible SNAPs(sm) to the public for cash.
