stocks that give the holder the right to exchange them at a fixed price for another security, usually common stock.Example: Preferred stocks and other convertible...
A general rule in investing is that the earlier in the life of a company you invest, the greater the potential reward. Venture capitalists investing in embryonic companies receive far more equity for the cost than those who invest later on at the initial public offering stage IPO. In return...
ORANGE, Calif.--BW HealthWire--March 27, 1997--Alliance Imaging Inc. (NASDAQ:SCAN) Thursday announced that General Electric Co., acting through its General Electric Medical Systems Division, has made an equity investment in the company as anticipated, completing the final phase of the company's refinancing.
STAMFORD, Conn. -- Frontier Communications Corporation (NYSE: FTR) today announced that it will exercise its right to redeem all of the remaining five percent Equity Providing Preferred Income Convertible Securities EPPICS (NYSE: CZNPR) of Citizens Utilities Trust on December 15, 2008, at a redemption price equal to $50 per unit,...
CHICAGO & HARTFORD, Conn. -- The Phoenix Companies, Inc. (NYSE:PNX) today announced that it has entered into an agreement with Harris Bankcorp Inc., a U.S. subsidiary of Bank of Montreal (TSX, NYSE: BMO), under which Harris would acquire $45 million in convertible preferred stock, representing a 23 percent equity position...
NEW YORK, Oct. 17 /PRNewswire-FirstCall/ -- Six Flags, Inc. announced today that its Board of Directors decided not to declare and pay a quarterly dividend on its outstanding Preferred Income Equity Redeemable Securities ("PIERS") for the quarter ending November 15, 2008, each such PIERS representing one one-hundredth of...
Miller Tabak Roberts Securities, LLCannounced an expansion of the Firm's equity and equity-linked institutionalsales and trading business. The company has launched a preferred stock desk under the leadership ofnewly-hired Director Alex Johansen. Mr. Johansen, formerly of CreditSuisse and Bear Stearns, brings nearly twenty years of experience to thelaunch. Chief...
TOKYO & NEW YORK -- Mitsubishi UFJ Financial Group, Inc. ("MUFG") (NYSE: MTU), Japan's largest financial group and the world's second largest bank holding company with $1.1 trillion in bank deposits, and Morgan Stanley (NYSE: MS), a global financial services firm and a market leader in investment banking, today announced...
The newspaper headlines were all about the nationalisation of Britain's banks. But during the all-night talks to finalise last week's 500bn bailout, the idea of the state owning a stake in a swathe of banks was quietly dropped. Instead of buying ordinary shares, the Treasury proposed to...
IRVINE, Calif., Oct. 7 /PRNewswire-FirstCall/ -- Assured Pharmacy, Inc. (BULLETIN BOARD: APHY) today announced that it has entered into a securities purchase agreement with APHY Holdings LLC, an entity formed by Enhanced Equity Fund, L.P., relating to the sale, in a private placement, of newly created Series...
NextPhase Wireless Debt converts to equity in Series A Preferred ANAHEIM, Calif., Oct. 6 /PRNewswire-FirstCall/ -- NextPhase Wireless (BULLETIN BOARD: NPHS) , a nationwide developer of WiMAX networks and a provider of advanced broadband solutions, today announced a reduction of debt and enhancement of their balance...
Companies Pursuing A Global Strategic Alliance Leveraging Both MUFG's and Morgan Stanley's Significant Global Platforms and Leading Franchises TOKYO and NEW YORK -- Mitsubishi UFJ Financial Group ("MUFG") and Morgan Stanley (NYSE: MS) today announced that the two companies have reached a definitive agreement under which MUFG is...
SOLVANG, Calif. -- Harrington West Financial Group, Inc. (NASDAQ:HWFG), the holding company for Los Padres Bank, FSB and its division, Harrington Bank, today announced that it raised $11.4 million in equity capital in a private placement. This equity capital will support HWFG's expansion plans and is expected to maintain Los...
Financing Follows $15 Million Public Offering Completed in July 2008 RADNOR, Pa. -- PolyMedix Inc. (OTC BB: PYMX, http://polymedix.com), an emerging biotechnology company developing acute care therapeutic drug products for infectious diseases and cardiovascular disorders, announced today that it has completed a $4.25 million private placement of preferred...
PASADENA, Calif., Sept. 19 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. announced today that its Board of Directors declared a quarterly cash dividend of 80 cents per common share for the third quarter of 2008. The dividend is payable on October 15, 2008 to shareholders of record...
OCEANSIDE, Calif. -- International Stem Cell Corporation (OTCBB: ISCO) has entered into a subscription agreement with an accredited investor to sell three million dollars ($3,000,000) of Series C Preferred Stock at a price of $1.00 per share. The funding is to occur in three tranches. The first, for $700,000, closed...
Roomlinx, Inc. (PINKSHEETS: RMLX), thehospitality in-room expert providing Internet-based Media, Entertainment &Business solutions, today announced the closing of a $2.5 million equityfinancing. The Investors purchased Convertible Preferred Shares, which areconvertible at $.025, and received warrants to purchase additional shares.The Convertible Preferred Shares automatically will convert to CommonShares once the company...
NEW YORK -- Equity Residential's (NYSE:EQR) strong franchise, solid cash flow metrics, seasoned management and robust corporate governance platform provide ample downside protection to unsecured bondholders, according to the latest Credit Analysis report by Fitch Ratings. Fitch affirmed Equity Residential with a Stable Rating Outlook on July 15,...
TELECOMWORLDWIRE-29 July 2008-CelLynx announces completion of reverse merger into Norpac TechnologiesC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com CelLynx Inc, a developer of plug-and-play cell phone signal-amplification technology, announced on Monday (28 July) that the company and Norpac Technologies Inc (OTC BB:NRPT.OB) have completed a reverse merger. Under the...
NEW YORK -- Merrill Lynch (NYSE: MER) today announced a $500 million holder of the mandatory convertible preferred stock has decided not to exchange their shares into common stock. The change has no impact on "if-converted" book value per common share or the firm's pro forma capital ratios. The security's...
