The new regulations also stipulate that any private transactions between investment companies are to be excluded from determining the closing price.
The implementation of the new closing price mechanism comes after the completion of the last primary update of the current trading software known as Xstream OMX, which will expedite the execution of orders.
These transactions have the effect of increasing the effective conversion price of the notes, from AmeriCredit's perspective, to $35 (in the case of the 2011 notes) or $40 (in the case of the 2013 notes), which represents approximately a 43% premium (in the case of the 2011 notes) or approximately a 64% premium (in the case of the 2013 notes), in each case to the closing price
of AmeriCredit's common stock on September 12, 2006.
NASDAQ:BDSI), a specialty biopharmaceutical company, has closed a transaction with Clinical Development Capital, LLC ("CDC") pursuant to which $7 million in funds previously committed by CDC in July 2005 to fund the clinical development of BDSI's flagship BEMA(TM) Fentanyl product have been converted into shares of BDSI common stock at a 40 % premium to the May 16, 2006 closing price for BDSI's shares.
50 per share, a premium to the closing price on May 16, 2006 of $2.
Based on the closing price of Reliance's common stock on March 31, 2006 of $93.
5 million shares of Reliance common stock valued at about $387 million based on the Reliance 20-day average closing price.
The notes will mature on December 1, 2024, and will not be redeemable by the Company prior to December 1, 2009, except after December 1, 2007, the Company can redeem the notes if the closing price
of the common stock exceeds 150% of the conversion price for 20 trading days in the 30-trading day period before a redemption notice.
53 per share, a 20% discount to yesterday's closing price
The Fund's daily closing price
and net asset value per share as well as other related information can be found at www.
05 per share (subject to formulaic adjustments) if the closing price
of the Company's common stock exceeds 125% of the conversion price over specified periods, as well as in certain other circumstances.
Based on the closing price
of a share of LifePoint Hospitals common stock on August 13, 2004 of $32.