world wrestling entertainment inc wwe announced monday agreements with certain investors to exchange 69 million newly issued shares of common stock and 39 million in cash for 1710 million principal amount of 3375 convertible debt due this year the media and entertainment company’s stock was still untraded in the premarket based on friday’s closing price of 10517 the share issuance would be valued at 7257 million or 93 of the wwe’s market capitalization of 783 billion after the exchanges of shares and cash close which is expected to occur on or about may 18 a total of 427 million principal of the convertible debt due 2023 will remain outstanding wwe’s stock has run up 535 year to date while the sp 500 spx has gained 74