The group has since been talking to its lending banks, understood to include HSBC, Barclays and UBS Warburg, and a small army of bondholders about arranging what will almost certainly be a debt-for equity swap
The authorization permits management to enter into an equity swap
transaction to repurchase up to 1.
The action will come as Nikko Cordial's liquidity is secured on the listing of Citigroup, which is set to wholly own Nikko Cordial through an equity swap
, the exchange said.
In fiscal 2005, the company made no interim dividend payment but instead paid 25 yen per share to holders of Daiichi Pharmaceutical and Sankyo shares as money for the equity swap
Its dip in fortunes was due to major restructuring which has seen a debt for equity swap
to split the company two main operations - Anglia Water Services, its regulatory water and sewage operation, and an infrastructure management division.
Marconi's share price has improved significantly in the three months since its debt for equity swap
Ichigo, which had been dissatisfied with the equity swap
ratio for the merger plan, solicited other shareholders' proxies to scuttle the merger plan.
group made investment unions under its control transfer gains on sales of stocks they had received in connection with equity swap
deals to Livedoor in the form of dividends, sources familiar with its buyout deals said Thursday.
The lifeline will allow the Woking based group to stay in business while it thrashes out the terms of a debt-for equity swap
Companies need to decide the ratios of an equity swap
after assessing assets and the market value of each firm.
OMX is hedging the OMX Share Program 2006 by using an existing surplus of shares in an equity swap
agreement the company entered into with an external party to hedge previous employee stock option programs.
LONDON -- New Medium Enterprises (OTCBB: NMEN) who already had a collaborative agreement with Beijing E-World, a profitable Chinese Electronic and System Technology design company and owned by 14 leading OEM device manufacturers, entered into an agreement to merge its HD technology with E-World's EVD standard by way of an equity swap