Slack Technologies Inc. said it plans to sell $600 million worth of convertible senior notes, due 2025. The busineess communication company said the notes will be convertible to cash, shares of common stock, or a combination of both, at the option of the holder. The note holders will have the right to require Slack to repurchase all or a portion of the notes at 100% of their principal amount, plus accrued interest, "upon the occurence of certain events." The stock, which rose 1.4% in premarket trading, has gained 7.9% year to date through Friday, while the S&P 500 has dropped 23.0%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Spain and EU commissioners call for common European debt instruments: newspaperEurope needs debt mutualisation and a common 'Marshall Plan' to recover from the coronavirus pandemic, Spanish Prime Minister Pedro Sanchez told newspaper Frankfurter Allgemeine Zeitung, even as Germany dismissed calls for the debt-pooling idea.
Lire la suite »
Spain calls for Marshall plan, European debt mutualisation - newspaperEurope needs debt mutualisation and a common Marshall plan to recover from the coronavirus pandemic, Spanish Prime Minister Pedro Sánchez told German newspaper Frankfurter Allgemeine Zeitung on Sunday.
Lire la suite »
A hedge fund made a 40% gain by calling the coronavirus sell-off and shorting stocks | Markets InsiderA Singaporean hedge fund had a moment straight out of 'The Big Short' when it predicted the novel coronavirus would hammer markets and made a 40...
Lire la suite »
Dubai's Emaar sells majority of cooling business to Tabreed for $675 millionEmaar Properties has sold an 80% stake in its cooling business in the prime Dubai Downtown area to National Central Cooling Co (TABREED) for 2.48 billion dirhams ($675 million), the companies said on Monday.
Lire la suite »
Fed Up With Their Government, Brits Are Taking the Coronavirus Response Into Their Own HandsMutual aid groups are picking up the slack on the U.K.’s coronavirus response.
Lire la suite »
Mega Millions numbers for 04/03/20: Friday jackpot was $121 millionMega Millions jackpot for 04/03/20 was for $121 million, with a cash option worth $96.7 million. The drawing has been held Friday night, and here are the numbers.
Lire la suite »