GameStop Clears $1.4B In Debt, And Shareholders Flinch Anyway
GameStop agreed on Monday to swap about $1.4 billion of convertible notes for stock, sending shares toward a 52-week low. Key Points: GameStop will hand noteholders Class A stock for roughly $1.4 billion of zero-coupon convertible notes, taking no cash in return. The exchange is set to close on or a