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BUZZ-Wolfspeed jumps; WSJ reports Wolfspeed restructuring talks shift to Apollo, other creditors

Reuters
2025/05/14
BUZZ-Wolfspeed jumps; WSJ reports Wolfspeed restructuring talks shift to Apollo, other creditors

** Shares of Wolfspeed WOLF.N are up 20.5% at $4.03 in higher volume Tues afternoon as the stock resumed trading following a Wall Street Journal report on the company

** The Wall Street Journal, citing people familiar with the matter, reported that Apollo Global Management has engaged investment bank Moelis as it negotiates a possible debt restructuring with semiconductor supplier Wolfspeed

** Wolfspeed late last week raised going-concern doubts and forecast weaker-than-expected annual revenue

** WOLF is now down about 40% YTD

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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