Wall Street Banks Plan to Sell X Debt at a Discount
Published:
2025-01-25 23:46:16
Wall Street banks are preparing to sell up to $3 billion of debt holdings in X at a discount, following rumors of growth stagnation. Morgan Stanley financiers have contacted investors in anticipation of the sale, which is scheduled to begin the week starting Monday. Reports suggest that banks are looking to receive 90 to 95 cents per dollar. However, Elon Musk has denied these reports, claiming that the Wall Street Journal is lying and that he sent no such email to staff members regarding the company's financial situation.
|Square
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