Atos Seeks More Cash, to Slash Debt Further in Rescue Update [Yahoo! Finance]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance
Most Read from Bloomberg Musk Makes Surprise China Visit in Search of Tesla Revenue Boost Musk's China Trip Pays Off With Key Self-Driving Hurdles Cleared Elliott Built ‘Large' Stake in Buffett-Favored Sumitomo, Source Says Yen Watchers Ask When Japan Will Step In as Slide Accelerates Southeast Asia Heat Wave Shuts Schools, Stokes Power Demand Atos needs €1.1 billion to run its business in 2024 and 2025 from €600 million earlier, it said in a statement Monday. It is also seeking to reduce its debt by €3.3 billion, or by two-thirds, compared to a previous plan of €2.4 billion. The Paris-based company had to revise an earlier plan seeking money to fund the business through 2025 and cut debt by roughly half, after first quarter performance was hurt by customers postponing signing contracts. Atos also said it received a non-binding offer from the French government to acquire the company's strategic supercomputer and cyber products operations, in a deal valuing the busines
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