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The company's old common stock has been canceled, Loehmann's said.
All of those are to begin trading today on the New York Stock Exchange, under terms of the reorganization plan that a federal bankruptcy judge approved on March 8. Chiquita, which is based in Cincinnati, said owners of its old common stock would receive 7.1 shares of new stock for each 1,000 shares held, plus warrants entitling the holder to buy 119 shares of the new stock.
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AT&T now has its own common stock and two tracking stocks, Liberty Media and AT&T Wireless.
That is to say, at least according to the old school rules, that for $18.3 billion, you could purchase all of the common stock of the company.
In April 1997 Wabash agreed to pay $52 million in cash and preferred and common stock for what remained of the 80-year-old company.
The 84-year-old Playboy founder owns almost 70% of the company's Class A common stock and 28% of its Class B stock, but last year expressed his desire to take the company private.
Silver Lake is buying common stock in the company, which is now more than a decade old.
If the new notes and new common stock trade at a level that exceeds the face value of the old notes over a 60-day period, then the Treasury gets value for the CVRs.
Use plain old common sense.
The company pays bondholders in common stock.
Each share of Metro common stock will be exchanged for 0.48 share of Keane common stock.
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