Sentence examples for preferred share from inspiring English sources
Finally, holders of nonvoting preferred stock, which trades actively in Brazil and accounts for more than half the company's capital, will get 1.27 new Telesp preferred shares for each Tele Centro Oeste preferred share they hold.
Litigation between holders of the preferred and the company over a proposed recapitalization reached this compromise: The holder of each cumulative convertible preferred share gets either 9.1 shares of common (the other preferred holders get 7.3 shares of common) or a package of cash, notes and warrants.
Siemens also offered $21.88 for each Moore preferred share.
The only right remaining would be to convert each $50 preferred share into 2.44 common shares.
Each receipt will be redeemable for one series II preferred share of Hollinger Inc., the company said in a statement.
Mr. Dreier said big investors had told him that they preferred share buybacks to dividends; the company is purchasing two million shares in 2003, he said.
The state bought $2 million in Lehman preferred shares in April and $120 million of common shares and $60 million in preferred shares in June.
It sold preferred shares.
I own G.M. preferred shares.
It also confirmed that Goldman Sachs will convert ¥100 billion of SMFG preferred shares into common stock.
