Internet giant Yahoo (YHOO) late Wednesday priced a $1.25 billion offering of convertible five-year notes, boosting the funds raised by 25% a day after announcing the offering, sending shares higher Thursday. Yahoo “upsized” the deal from $1 billion, and also boosted the allowable over-allotment to $187.5 million from the $150 million it proposed late Tuesday. Yahoo stock climbed about 2.5% to 36.50 midday in the stock market today. That topped
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Yahoo Prices Debt Offering, Boosting Size By 25%