The issue of the Convertible
Preferred Equity on a non pre-emptive basis will require the approval of the existing shareholders through a special written resolution.
In the United States, a total of 4,376 Saab convertibles
were sold during 1991, of which 1,242 were Saab's newest naturally aspirated 900S Convertible
model, the Saab drop-top introduced last year for convertible
lovers whose driving styles do not need the extra performance of turbocharging.
Prudential Financial may redeem all or some of the convertible
notes for cash at any time on or after December 13, 2007 at 100% of their principal amount plus accrued interest, if any, to but not including the redemption date.
After consulting and reviewing with our external auditors our financial statements during the periods in which the Company had convertible
notes outstanding and re-evaluating the various interpretations of very complex and technical accounting guidance materials relating to beneficial conversion features and the intrinsic value of embedded conversion options with convertible
instruments, the Company determined it should reflect the impact of the resultant interest expense increase, decrease in notes payable and corresponding increase in additional paid in capital on previously reported financial statements," said Mr.
The offer documents are available to all holders of the Convertible
senior notes due 2036 (the "Convertible
Notes") in a private offering to qualified institutional buyers (the "Initial Purchasers") under Rule 144A under the Securities Act of 1933.
NEW YORK -- Alleghany Corporation ("Alleghany") (NYSE-Y) today announced that it has closed a public offering of 1,132,000 shares of its mandatory convertible
preferred stock due June 15, 2009 at $264.
The mandatory convertible
preferred stock will be sold pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC").
In August 2003 the Company issued a similar 10% Senior Subordinated Convertible
Note in the amount of $20 million, of which $1 million has been converted to common shares.
Our repurchase of $352 million in senior notes due 2008, coupled with the scheduled retirement of our outstanding $132 million of convertible
notes at maturity on June 1, 2006, marks progress in addressing our intermediate term debt maturities," said Ken Joyce, Amkor's chief financial officer.
AMEX: JDO) ("JED" or the "Company") today announced that it has closed a private placement of 979,663 Series B Convertible
Preferred Shares for gross proceeds of $15,675,000.
Fewer Americans chose to drive with the sun on their faces and the wind in their hair the past couple of years, as an uncertain economy and other sporty alternatives curtailed convertible
purchases, a leading provider of auto statistics said Monday.