For calculating the dilutive effects
of options and warrants, the FASB would retain Opinion no.
Some of the features attractive to the Company include the fact that the transaction allows us to realize some of the value of our underlying subsidiaries prior to their becoming standalone entities, the conversion premium into CDC Corporation shares is set at a high level which reduces potential dilutive effects
for our existing shareholders, and the yield we pay on the notes is very attractive.
Brehm and myself and to retire the Pf B Shares in order to protect our common shareholders from the dilutive effects
of the Pf B Shares.
The debt reduction, in addition to strengthening the balance sheet, will eliminate any dilutive effects
caused by the potential conversion of the note and reduce PHLI's annual interest expense by more than $100,000.
our board of directors believes this action is the next logical step in the process of restructuring the company to align our outstanding shares of capital stock with our existing financial condition and operations to provide an opportunity for potential realization of stockholder value, which is currently subject to the dilutive effects
of our capital structure.
Credit concerns include a potential limitation on third-party payments, a decreasing number of private-pay residents in the skilled nursing units, and the dilutive effects
to the obligated group associated with a new campus development in Hanover, Pennsylvania.
The authorization of additional shares for repurchase will enable the Company to offset any potential dilutive effects
from the exercise of stock options and to opportunistically repurchase shares.
This commitment helps the company to minimize the risk of any further dilutive effects
of the offering with respect to total shares outstanding," commented Cook.
This conversion eliminates the dilutive effects
of future paid-in-kind dividends on the preferred stock, as well as the potential for a quarterly cash dividend of approximately $1.
Excluding the dilutive effects
of the Antargaz transaction, UGI would have reported earnings per share of $2.
Assuming such ratification, the dilutive effects
from the assumed conversion of the Company's contingently convertible notes would be reflected in the Company's fourth quarter 2004 diluted earnings per common share calculation.
The market was quick to recognize the dilutive effects
of the deal, as Wachovia's share price was down by 3.