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Tech New Lows: Oi SA (ADR) (NYSE:OIBR), NetSuite Inc (NYSE:N), Neustar Inc (NYSE:NSR), CommVault Systems, Inc. (NASDAQ:CVLT)
Oi SA (ADR) (NYSE:OIBR)’s preferred shares fell to a record low after the company was said to raise 8.25 billion reais ($3.71 billion) by selling stock at a price below yesterday’s close. The funding paved the way for a merger with Portugal Telecom SGPS SA. Brazil’s biggest phone carrier priced preferred shares at 2 reais apiece and common shares, which include voting rights, at 2.17 … Continue reading Tech New Lows: Oi SA (ADR) (NYSE:OIBR), NetSuite Inc (NYSE:N), Neustar Inc (NYSE:NSR), CommVault Systems, Inc. (NASDAQ:CVLT)