The number and price of common shares for sale were not set in yesterday's registration statement.
Indeed, present earnings tend to be a small fraction of the value of common shares.
The deferred $300,000 is likely to come in the form of common shares.
The proposal also contemplated the conversion of all Founders Shares into a single class of common shares.
National City plans to raise at least $6 billion from a sale of common shares to a consortium.
PROCTER & GAMBLE, Cincinnati, said it would increase the level of common shares to be bought under its stock repurchase plan.
At the time of the deal, the value of that quantity of common shares would have been about $981 million.
The company said its per-share earnings rose because a stock repurchase program reduced the number of common shares outstanding.
Allied-Signal holds 19.6 million shares of Henley preferred stock, which is convertible to an equal number of common shares.
The bank, based in Milan, is seeking to raise 7.5 billion euros in a stock offering of common shares.
In Tuesday's filing, Citadel's lawyers said the company's board would issue stock options instead of common shares.
