NYSE: WAL) announced today that a stand-by underwriter has been retained for the Company's planned rights offering, which was announced on September 18, 1997.
As stand-by underwriter for the rights offering, Wexford has agreed to purchase at the rights offering price the shares of common stock, if any, that are not purchased in the rights offering.
Legg Mason served as financial advisor and stand-by underwriter
to ABCI in connection with both its creation upon the mutual to stock conversion of Summit Savings Banks, SSB in 1992 and ABCI's conversion/acquisition of Peoples Savings Bank, SSB in 1994.
and the other members of the syndicate of stand-by underwriters
have undertaken to subscribe to all the shares that may remain unsubscribed to at the end of the offer period on the stock market; such undertaking does not include those shares that World Motors S.
As previously communicated on March 1st, 2006, the Company has signed a preliminary contract with UniCredit Banca Mobiliare to establish a syndicate of stand-by underwriters
relating to the above-mentioned capital increase.
Ducati and UBM Sign Preliminary Contract to Establish Syndicate of Stand-By Underwriters
for Proposed Capital Increase
UBM will also promote and set up a syndicate of stand-by underwriters
who will subscribe to any shares that may remain unsubscribed to at the conclusion of the transaction.