Wolfspeed shares rise on report of bankruptcy deal talks with lenders

Wolfspeed (Pre-Reincorporation)

18/06/2025 16:04

** Shares of chipmaker Wolfspeed WOLF.N rise 3% to $1.28

** Co is nearing a bankruptcy deal with lenders including Apollo Global Management, Bloomberg News reports

** Two of 9 brokerages rate it "buy" or higher, 1 "hold" and 6 "sell" or lower; median PT is $3.00

** Including the session's move, WOLF is down ~81% YTD

 (Reporting by Meghana Khare in Bengaluru)

 ((meghana.khare@thomsonreuters.com))