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by s1artibartfast
1146 days ago
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They don't "need" to. They want to. They looked around and thought, we don't have much debt compared to other companies, I bet our company value would go down less than $7B if we offer a $7B bond. If they can give the $7B to investors today, but the stock value goes down less than $7B by taking it out, they are increasing shareholder profit. |
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