Scalper1 News
Red Hat’s (RHT) coming capital infusion doesn’t necessarily mean the company will go on a buying binge. The enterprise software company on Tuesday said it plans to offer $700 million in senior convertible debt. It says $400 million will be used to repurchase Red Hat stock. The rest will be used for working capital and general corporate purposes, which it says could include acquisitions or strategic transactions. The company also said it will offer Scalper1 News
Scalper1 News