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Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium (Nicholas G. Miller/Wall Street Journal) from Techmeme RSS feed.
Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium (Nicholas G. Miller/Wall Street Journal)
Nicholas G. Miller / Wall Street Journal:
Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium — Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.