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Southeastern, headed by the money manager O. Mason Hawkins, had been G.M.'s third-largest common stockholder last summer.
Each unit will entitle them to receive a share of the company equivalent to what a common stockholder receives.
Enormous institutions, like JPMorgan Chase and Citibank, would have to hold common stockholder equity of at least 15 percent of their consolidated assets to protect against large losses.
After the government took control in exchange for its bailout last year, he continued to be the largest common stockholder, together with the two private companies and entities he controls.
But according to investors who specialize in distressed companies, the odds of a common stockholder ending up with anything of value once a reorganization is complete are close to zero.
Determined by dividing long-term debt by common stockholder equity.
Similar(48)
The preferred investors' interests are counter to those of common stockholders.
Unsecured creditors will get about 10percentt of their claims and common stockholders will receive nothing.
Archives|MARLIN-ROCKWELL RIGHTS.; Common Stockholders May Buy New Issue at $15 a Share.
MARLIN-ROCKWELL RIGHTS.; Common Stockholders May Buy New Issue at $15 a Share.
Lehman's return on common stockholders' equity, a measure of profitability, fell about 16percentto8.6percentcent for the quarter.
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