Pandora to bank nearly $300 million amidst uncertainty

Morgan Stanley will be the initial purchaser of debt with a stock conversion price of $16.42 per share — significantly higher than the current price of $12.32 and less than a share-target price of $17. Which way it all breaks depends largely on the upcoming decision by the Copyright Royalty Board.

Read More: Pandora will get its $300-million next week as stock nears YTD low and CRB decision looms – RAIN News

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About the author

Mike Dias is a Sales Director for Logitech. He specializes in consumer electronics & pro audio with an expertise in headphones & portable audio. He has over 15 years of experience selling custom handcrafted in-ear monitors.

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