View shares are trading lower after the company filed for Chapter 11 bankruptcy. The company on Tuesday said it reached a real with Cantor Fitzgerald and RXR to become a private company.
Portfolio Pulse from Benzinga Newsdesk
View Inc. shares are trading lower following the company's filing for Chapter 11 bankruptcy. The company announced a deal with Cantor Fitzgerald and RXR to transition into a private entity.
April 03, 2024 | 11:03 am
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View Inc.'s stock is trading lower after the company announced filing for Chapter 11 bankruptcy and its plans to become a private company through a deal with Cantor Fitzgerald and RXR.
Filing for Chapter 11 bankruptcy typically results in a negative perception of a company's financial health, leading to a decrease in stock price. The transition to a private company also means the eventual delisting of shares, affecting current shareholders.
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