In-N-Out

Those of you who may have traveled in the western United States may have come across a fast food chain called In-N-Out Burger, which was California’s first drive-thru hamburger stand. The image is rich, particularly these days. Can you imagine an In-N-Out investment bank with clients pulling up and leaving with boatloads of cash? But in this instance, the In-N-Out refers to the Golden Ocean Group convertible bond offering that was announced Tuesday morning and pulled later that same day.

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