Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium (Nicholas G. Miller/Wall Street Journal)

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Nicholas G. Miller / Wall Street Journal:Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium  —  Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.