YAHOO ANNOUNCES PRICING OF UPSIZED OFFERING OF $1.25 BILLION CONVERTIBLE SENIOR NOTES DUE 2018
- Yahoo Inc. Announces pricing of upsized offering of $1.25 billion convertible senior notes due 2018.
- Yahoo said offering was upsized from the previously announced $1.0 billion aggregate principal amount of notes and will be convertible into cash, shares of yahoo's common stock or a combination of cash and shares of common stock.
- Yahoo added that it expects to use approximately $100.0 million of the net proceeds from the offering to repurchase shares.