DraftKings Stock Drops Over 5 Percent after Announcing Billion Dollar Convertible Debt Offering

Popular sports betting app DraftKings saw its shares take a dive of more than 5% on Monday following news that it would offer $1 billion in convertible debt offerings. The private offering, which DraftKings announced early Monday morning, would be …

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Birkenstock Selling Majority Stake to Private Equity Firm Catterton Partners

Footwear maker Birkenstock has agreed to sell a majority stake to Catteron Partners, a private equity firm specializing in luxury goods. Birkenstock announced the news in a press release earlier today, saying that they hoped the partnership would increase production, …

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