Schulman announces regular quarterly and special cash dividend on convertible stock
305-7(b)(1) provides that a change in the conversion ratio of convertible stock
or convertible securities under a bona fide and reasonable adjustment formula will not be considered to result in a deemed distribution of stock if it has the effect of preventing dilution of the interest of the holders of the convertible stock
or securities (the antidilution exception).
IFC is considering to provide $3 million by subscribing to preferred convertible stock
in the company.
Muscat: Al Omaniya Financial Services (AOFS), Oman's largest non-banking financial institution, said that the bonus shares of 10,104,389 (being stock dividend for the year 2012) have been listed on March 26, 2013 and 10,104,389 bonds being unsecured compulsorily convertible stock
dividend bonds with annual coupon rate of five per cent have been listed as of April 9, 2013.
The move brings Liberty's holding in the company to just over 50%, if convertible stock
owned is included.
Barclays holds BlackRock common stock and convertible stock
representing a 19.
The state has accused Merrill of misrepresenting its financial condition in documents that New Jersey relied on in agreeing in January 2008 to purchase USD300m worth of preferred convertible stock
In addition, GTC will return to Merrimack all the shares of Merrimack series C convertible stock
that GTC holds.
When Harbinger purchased 30,000 shares of Salton's Series A Voting Convertible Stock
in June, Salton's board of directors appointed David Maura, a consultant to Harbinger Capital Partners Master Fund, as a director.
09298 NTL shares, or a mix of NTL shares and convertible stock
known as a "redeemable unit" plus 67p in cash.
This may be in emerging markets, distressed debt (bonds issued by companies desperate to avoid bankruptcy), convertible arbitrage (being `long' of, or owning, the convertible stock
of a company and `short' of, or selling, the underlying shares) or -- the largest section -- ``long/short'', an equity fund which can be either long or short of particular shares.