Your English writing platform
Discover LudwigExact(12)
Under fire from shareholders, the office supply chain Staples said yesterday that its 13 directors would forgo making a profit on a stock conversion plan.
Each man pleaded guilty last year to using stock conversion schemes to swindle banks across the country of a total of more than $15 million.
Citigroup has been involved in talks with regulators over ways the government could help strengthen the bank, including use of the stock conversion plan.
That figure, which was adjusted to exclude certain stock conversion charges and other one-time expenses, exceeded analyst expectations of 31 cents a share.
The stock conversion is the latest in a series of maneuvers that suggest Ally is readying itself for a return to private hands.
But the bank may be able to plug that hole with recent and future measures to raise capital — like asset sales and a big stock conversion plan — that could leave it with more than enough funds to satisfy regulators.
Similar(48)
Another calculation, including options and stock conversions, places the range between $19.5 billion and $22.5 billion.
That BAC was able to raise almost $35 billion overnight in new equity, and preferred stock conversions and asset sales is a tribute to the Street's distribution machinery.
The company is going to price above the previous range that it set, which was $14 to $16 at a valuation between $19.5 billion and $22.5 billion including options and stock conversions.
See articleIt emerged that Citigroup has begun discussions on how to reduce the American government's 34% stake in the bank, which the Treasury bought through a preferred-stock conversion.
Specifically, we provide the forest inventory plot-data-to-carbon-stock conversion factors and associated uncertainty bounds in use for the reporting years prior to the availability of more directly measured or sampled carbon stocks.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com