Wolfspeed receives court approval for plan of reorganization

2 days ago 1

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Wolfspeed (NYSE:WOLF) has received court approval of its plan of reorganization. Wolfspeed expects to emerge from Chapter 11 protection in the next several weeks. Upon emergence, Wolfspeed expects to reduce its debt by about 70%.
WOLF +6.50% after hours to $1.31.
Source: Press Release

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