Your Search Returned 135 tagged news reports
Investors voted in favour of all the resolutions put to them at two extraordinary general meetings in Dublin yesterday, marking the final stage in the process to get the group's restructuring approved. The most significant resolutions related to INM's...
Tags: INM, 200m bond, shareholder backing, restructuring plan, rights issue, Ireland, Dublin, Independent News & Media, Finance, Bankruptcy, Business Finance, Debt, Insolvency law, Stock market, Debt restructuring, Private equity
National Express shareholders voted "yes" to the board's proposal for a £360m rights issue yesterday, ending weeks of uncertainty during which the company's biggest investor tried to drum up opposition to the plan. The resolutions authorising the company...
Tags: Beleaguered National Express, rights issue, Jorge Cosmen, London, express investor, extraordinary meeting, cosmen family, United Kingdom, Business Finance, National Express Group, Corporate finance, Stock market, Mergers and acquisitions, Short selling, Finance, Politics, Train operating companies, National Express East Anglia, Short, Stock, Shareholder, Silverlink, Financial regulation, C2c, Debt restructuring
ING unveiled the terms of the deal on Friday, already having announced last month that it would raise 7.5 billion euros. It plans to repay some five billion euros in state aid plus 950 million euros in interest on the 10 billion euros the government extended...
Tags: rights issued, ING, billion euro, United Arab Emirates, Dubai, Business Finance, Rights issue, ING Group, Goldman Sachs, Discounting, Corporate finance, Euronext, American Depositary Share, Bailout, Equity securities, Actuarial science, Amsterdam Stock Exchange, Marketing, Stock market
ING priced a rights issue intended to raise 7.5 billion euros ($11.2 billion) at 4.24 euros per share, luring shareholders with a hefty discount of close to 40 percent as it looks to pay back state aid. Europe's biggest insurer by assets will issue 1.768...
Tags: hefty discount, rights issue, ING, Netherlands, Amsterdam, Business Finance, ING Group, Goldman Sachs, Rockefeller Center, Investment banks, YES Network, Primary dealers
In a statement posted at its website, the PSE said First Gen can list up to 2.77-billion common shares with a par value of P1 per share. The P15-billion stock rights offering will be at a discount of between 34 percent and 68 percent. The discount will...
Tags: PSE OKs First Gen, capital stock, Philippines, Manila, Business Finance, Corporate finance, Rights issue, Stock market, Philippine Stock Exchange, Corporate action, Stock
In recent years, accelerated entitlement offers, in which the shortfalls are sold in institutional bookbuilds, have replaced traditional renounceable rights issues, under which shareholders can trade their right to an entitlement on the ASX. Instead of...
Tags: Mineral Resources, retail holders, Polaris Metals, shared price, CSR, entitlements offer, trade halt, shared placement, renouncing entitlements, Australia, Sydney, Stock dilution, Finance, Business Finance, Scrip, Australian Securities Exchange, Corporate finance, Rights issue, Stock market, Short
Banking Group shares made the biggest gain on the market last night after announcing details of the biggest cash call in UK history. Shares gained 2.34p to 93.81p after it said it would offer new shares at a hefty 59.5 per cent discount to the previous...
Tags: Lloyds, rights issues, Simon Maughan, United Kingdom, London, Lloyds Banking Group, Lloyds Bank, Business Finance, Bank, Barclays, HSBC, Rights issue, Stock, HBOS
Man, the London-based hedge fund group, was under pressure as traders banked profits on valuation concerns, with Credit Suisse saying that the recent rally had left the stock trading close to fair value. At 14.8 times forecast earnings for March 2011,...
Tags: Lloyds Banking Group, AHL, rights issue, Iran, Stock trader, Business Finance, P/E ratio, Short, Stock, London, FTSE 100 Index, HBOS
They warned of "serious concerns about the absence of a well-defined strategy". According to the family, the management should be considering alternative options, such as resetting of loan covenants, before undertaking a massive cash-raising exercise...
Tags: National Express, rights issue, Cosmens, Spain, Madrid, Takeover, Stock dilution, Business Finance, Corporate finance, Stock market, Stock
Analysts have advised that shareholders should take a cautious approach to the record-breaking £13.5bn rights issue launched by Lloyds Banking Group today. They are being offered 1.34 new Lloyds shares for each one they already own, at the discounted...
Tags: Lloyds Banking Group PLC, Lloyds Banking Group Plc, rights issue, Britain, 5bn rights, cash calling, United Kingdom, London, Lloyds Banking Group, Business Finance, HBOS, Lloyds Bank, United Kingdom bank rescue package, Trustee Savings Bank, HSBC, Stock, Victor Blank, Bank of Scotland, Nationalization, Discounting, Blue Monday Crash, Short, Economy of the United Kingdom, Dividend, Theoretical ex-rights price, Lloyds TSB, GMAC