Treasury Offering

Treasury Offering

The sale of a company's treasury shares to investors. Treasury shares are stock that a publicly-traded company issues but does not place with investors, or which it has bought back from shareholders. Selling treasury shares to the public can be a less expensive way for the company to raise capital because the amount it spent issuing them previously is a sunk cost. However, it should be noted that a treasury offering is not necessarily beneficial to shareholders as it can cause dilution of holdings.
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Blue Ribbon Income Fund (the Fund ) announces that, due to market conditions, the offering price for the Fund s treasury offering of units has been reduced from $11.
The Treasury offering consisted of the issuance of 400,000 common shares by the bank, for gross proceeds of USD2.
The Committee advocates underwriting of nuclear construction risk with the Treasury offering 'loan guarantees'' to nuclear power, reputedly on the basis of 35-40 year contracts - no prizes for guessing what that will mean for our electricity bills.
When Dollar Bank's treasury offering with mobile RDC goes live, it will combine the bank's proprietary Positive Pay service with WAUSAU's risk monitoring functionality that allows financial institutions and their clients to securely enjoy the benefits of RDC while complying with the Federal Financial Institutions Examination Council guidelines.
In an investor's note, John Nadel of Sterne Agee in New York says that while the Treasury offering was "somewhat smaller than expected," he sees the latest sale as part of a series of events regarding AIG securities likely to unfold over the next several months.
HSBC, SWIFT and SAP are jointly creating the next generation of HSBC Connect to SAP, the bank's corporate-to-bank integration and treasury offering for firms running SAP ERP systems.
The Offering will include both a treasury offering by the
Gross proceeds raised in the CoolBrands treasury offering are approximately $15,000,000, which proceeds, net of the underwriter's CoolBrands also announced that it has closed its sale of 3,750,000 special warrants issued from treasury to a syndicate of underwriters led by Sprott Securities Inc.
The remaining shares of Premium Brands held by SWP are to be sold to the public pursuant to a secondary offering in conjunction with a treasury offering by the Corporation.
Sir; Following on from my letter in The Grocer (5 August) "Say no to the euro", I suppose my client, Finlay's Foods of Manchester is not alone in receiving a mailing from the Euro Preparations Unit at the Treasury offering free case studies on trading in the euro, together with a brochure entitled `Working with the Euro'.
NEW YORK & SAO PAULO, Brazil -- Deutsche Bank Global Transaction Banking today announced that it has enhanced its current treasury offering in Brazil to include corporate cash management services.
Blue Ribbon Income Fund (the Fund ) is pleased to announce that the Fund s treasury offering of units has been priced at $11.