Xerox Holdings shares are trading lower after the company announced a proposed convertible notes offering.
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings announced a proposed convertible notes offering, leading to its shares trading lower.
March 06, 2024 | 11:50 am
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Xerox Holdings announced a convertible notes offering, causing its stock to trade lower.
Convertible notes offerings can dilute existing shareholders' equity, leading to a negative perception among investors and a potential decrease in stock price. Given Xerox Holdings' direct involvement, the impact is significant.
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