Furthermore, during any period during which the class C common stock
was outstanding, the Alumax board of directors was required to declare and pay dividends equal to 35 percent of Alumax's net income to the extent permitted by law (the Base Dividends).
In the example, the convertible preferred shares are common stock
equivalents since their effective yield of 5% ($3,500/$70,000) is less than two-thirds of the Aa corporate bond rate (1 0%).
If an acquiror purchases at least 20% of the Company's common stock
, but has not achieved a 50% stake, the Board may cause each of the Rights (other than the acquiror's Rights) to be exchanged for one share of common stock
85, Yield Test for Determining Whether a Convertible Security Is a Common Stock
Equivalent, and is consistent with the APB's objective in Opinion no.
If the company is involved in certain mergers or other business combinations, the rights will be modified so that a holder of rights may buy shares of common stock
of the acquiring company with a market value of twice the exercise price of each right.
Series F-4 Warrant to purchase 82,218,750 million shares in the aggregate of common stock
at an exercise price of $0.
The notes and the shares of Duke's common stock
that may be issuable upon exchange of the notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any State or other jurisdiction and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the Securities Act and other applicable securities laws.
Completion of the spin-off is subject to the satisfaction of a number of conditions, including the Form 10 Registration Statement for Hanesbrands common stock
being declared effective by the Securities and Exchange Commission, Hanesbrands common stock
being accepted for listing on the New York Stock Exchange, and certain other conditions described in the information statement included in the Form 10 and in the separation agreements filed as exhibits thereto.
The number of shares of Class A Common Stock
proposed to be repurchased in the tender offer represents approximately 24.
The number of shares of PTC common stock
issued and outstanding will be reduced from 277,888,500 shares as of February 27, 2006, to approximately 111,000,000 shares post-split.
In the merger, a wholly-owned subsidiary of Stem Cell merged with Amphioxus and Amphioxus' common stockholders (including the former Plurion stockholders) were issued shares of Stem Cell Series 1 Voting Convertible Preferred Stock, which will automatically convert into 757,821,430 shares of Stem Cell common stock
upon authorization of sufficient shares of Stem Cell common stock
PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that its board of directors has authorized a two-for-five reverse split of its common stock
, which was approved by PTC stockholders at the Annual Meeting of Stockholders on March 10, 2005.