Square, Inc. Announces $750 Million Convertible Notes Offering

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Morgan Stanley Remains Sidelined on Square (SQ) Following Announced $750M Debt Offering

May 22, 2018 7:36 AM EDT

Morgan Stanley reiterated an Equalweight rating and $43.00 price target on Square (NYSE: SQ) following the company's announcement that it will be offering $750M of convertible senior notes due in 2023, which will be used for general corporate purposes and to fund convertible note hedge transactions... More