Uber (UBER) Is Said to Seek Up to 1.25% Coupon in $1.2B Convertible - Bloomberg

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Go back to Uber (UBER) Is Said to Seek Up to 1.25% Coupon in $1.2B Convertible - Bloomberg

Midday movers: Microsoft, Boeing, Bristol-Myers Squibb, and more

November 20, 2023 7:58 AM EST

(Updated - November 20, 2023 12:29 PM EST)

Investing.com -- U.S. stocks got off to a strong start, with all three major averages moving higher on Monday. The holiday-shortened week includes the keenly-awaited release of the minutes from the most recent Federal Reserve meeting.

Here are some of the biggest U.S. stock movers today:

Microsoft (NASDAQ: MSFT) stock rose 1.9% with the tech giant set to hire Sam Altman to lead a new advanced artificial intelligence research team, just days after the prominent AI-industry figure was ousted as CEO... More

Uber (UBER) Announces Proposed $1.2 Billion Convertible Senior Notes Offering

November 20, 2023 7:01 AM EST

Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028 (the notes), subject to market conditions and other factors. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Uber also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $180.0 million... More