Your English writing platform
Discover LudwigExact(12)
He looks for similar protection in convertible securities -- preferred stocks or bonds that can be converted to common shares at a set price and time.
The bonds can be converted to common shares at a specified price, known as the conversion price.
Early last year, Berkshire did invest in Microsoft preferred stock that was later converted to common stock.
In May 1997, she borrowed a further $4.2 million from Mattel to cover the tax liability on shares of restricted stock that had been converted to common stock.
Under its plan, Ambac, which has a market capitalization of $880 million, will seek to raise $1 billion by selling new shares and $500 million more by selling notes that can be converted to common stock in 2011.
Last week, for example, Bank of America agreed to invest $2 billion in the large and troubled mortgage lender Countrywide Financial, buying preferred shares that carry an interest rate of 7.25percentt and can be converted to common stock at $18 each.
The $2-a-share cash payment to Dime shareholders is being financed by a $250 million investment in North Fork by FleetBoston, which is buying preferred stock that can be converted to common stock and sold if the share price hits certain targets.
Specifically, they were asked to allow their preferred shares to be converted to common — and then reverse split 20 1.
When Ford's stock shoots up and these preferreds are converted to common, they will dilute shareholder earnings.
The preferred stock may be converted to common stock at a conversion price that is 20% above the current market price.
A once severely degraded, but now recovering area is Dilamo micro-watershed of Kota Kombola kebele where privately owned land during Imperial government was converted to common land during the Derge government.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com