Beyond Meat Slumps as Shareholders Agonize Over Debt Exchange Offer
Beyond Meat shares tumbled as much as 58% on Monday after the plant-based meat maker announced an early settlement of an exchange offer with its bondholders through the issue of fresh shares and notes to manage its debt.
Once a Wall Street darling, the company has in recent years struggled with changing consumer sentiment around taste, price and processing, particularly in the U.S.
Shares of the company, which disclosed about $1.3 billion in debt at the end of 2024, were last trading...
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