Why Varex Imaging Stock Is Sinking Today

Shares of Varex Imaging (NASDAQ: VREX), a healthcare company focused on X-ray imaging components, are plunging today, down 15% as of 10:47 a.m. EDT. The double-digit drop is traceable to the announcement that the company is raising capital through a convertible notes offering.

Here are the details of the transaction that we know so far:

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Source Fool.com