You accepted Simple Terms Ventures Proposal You get $30MM which is shared by common shareholders.
First Washington, based in Bethesda, Md., said the deal would yield about $26 a share for its common shareholders, a 25percentt premium to First Washington's closing price of $20.75 on Wednesday.
Evri and Radar shared a common shareholder, Vulcan Capital, which raised additional issues of insider dealings.
That leaves a profit of $311 million, or $2.30 a share, for A.I.G.'s common shareholders.
Among other advantages, dividends on such shares are paid before common shareholders receive their payouts.
One of the other privileges given to preferred shares is seniority to common shareholders, so in the event of an acquisition or bankruptcy, preferred shareholders — the investors — get access to proceeds from that liquidation event before common shareholders (founders, employees and service providers to the company).
Venture capitalists buy preferred stock which has additional rights and privileges attached to it (particularly a liquidity preference, which lets those venture capitalists get their money back before the common shareholders get their share).
Under generally accepted accounting principles, GLG reported a $226.3 million loss that is attributable to common shareholders, or $1.07 a share.
Overall, Goldman reported net income for common shareholders of $1.43 billion, or $2.88 per share, down 2percentt from $1.46 billion, or $2.85 per share, a year earlier.
The preferred shares would supplant existing preferred shareholders, but common shareholders would be wiped out.
