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Peregrine will exchange 0.75 of its shares, valued at $43.50, for each share of Harbinger stock.
Philip Falcone, the embattled chief of Harbinger Capital Partners, bought a publicly traded shell company to hold certain investments.
Mr. Falcone is the senior managing director and co-founder of Harbinger Capital Partners Funds, a hedge fund.
The chief of Harbinger Capital Partners sat on stage with legs crossed, the very image of relaxation, DealBook's Azam Ahmed reports.
Nevertheless, he says he is "pleased" that the matter is behind him, and looks forward to continuing to manage what's left of Harbinger.
A number of prominent hedge fund managers worked at Gleacher early in their careers, including Philip Falcone of Harbinger Capital Partners and Larry Robbins of Glenview Capital Management.
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Episodes can begin insidiously, and patients may ignore the early clinical expressions of a harbinger of a more severe reaction.
They have been thought of as harbingers of evil as well as a sign of the divine.
Now, researchers have identified some of the harbingers of long-term recovery from eating disorders.
But what explains the consumer behavior of the harbingers of failure?
The game's opening possession proved something of a harbinger.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com