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Beyond Meat plummets after debt swap massively dilutes shareholders

Beyond Meat plummets after debt swap massively dilutes shareholders

(Bloomberg) — Beyond Meat Inc. (BYND) tumbled the most since the company went public in 2019 after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders. Most Read from Bloomberg The stock sank as much as 58% to 84.5 cents in early trading, its worst-ever intraday …

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