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Though a case can be made that heightened competition among giants in banking or securities brokerage has led to lower prices for some customers, insurance rates could instead be driven up, as mutual insurers, created and managed specifically to provide low-cost insurance, are converted into shareholder-owned businesses with profit as their main objective.
And more recently, tight credit markets and the rise of social media have fueled interest in the alternative financing system, especially among companies that have enthusiastic customers who can be converted into shareholders.
Sturm's stock in Kiewit was converted into Level 3 shares; Sturm is now its second-largest shareholder.
The merger, which requires shareholder and regulatory approval, calls for each share of SCI to be converted into 1.36 shares of Sanmina stock.
Bill Singer (Stark & Stark law firm shareholder): It certainly shows that the once formidable hardware company is truly converted into software, consulting, and services.
And shareholders value smiling customers only to the extent that they can be converted into cash.
Over and above their core capital (basically shareholders' equity), the commission wants banks to carry debt that can be converted into equity during a crisis to boost their safety buffers.
And if shareholders reject the deal, the price at which the warrants can be converted into common stock will decline every six months by 50 cents each, with a maximum drop of $2 a warrant.
In August, the fund sought to press the issue by calling a shareholder meeting to amend Telus's charter to prevent the nonvoting shares from being converted into voting shares without a discount.
When the options are converted into shares, the company must increase its base of shares outstanding, thereby diluting earnings and other shareholders' proportional interest in the company.
Coverage converted into polling support.
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