TAMPA, Fla.--BUSINESS WIRE--Aug. 4, 1998--Intermedia Communications Inc. (Nasdaq:ICIX) today announced the commencement of a private offering of $200 million liquidation preference of Depositary Shares (each having a 1/100th interest in its Series F Junior Convertible Preferred Stock, liquidation preference $2,500 per share), pursuant to Rule 144A promulgated under the Securities...
TAMPA, Fla.--BUSINESS WIRE--Aug. 4, 1998--Intermedia Communications Inc. (Nasdaq:ICIX) today announced the commencement of a private offering of $200 million liquidation preference of Depositary Shares (each having a 1/100th interest in its Series F Junior Convertible Preferred Stock, liquidation preference $2,500 per share), pursuant to Rule 144A promulgated under the Securities...
SEATTLE -- Washington Mutual, Inc. (NYSE:WM), announced today that it has priced a public offering of 3,000,000 shares of 7.75% Series R Non-Cumulative Perpetual Convertible Preferred Stock with a liquidation preference of $1,000 per share, resulting in an aggregate liquidation preference of $3.0 billion. The transaction was increased from its...
The article describes that FDIC’s experience with depositor preference has varied. The agency initially operated under an insured depositor preference mandate but quickly recommended that all deposits have the same liquidation status as general creditors. Many large banks have substantial amounts of foreign deposits and other unsecured liabilities, and the...
HAMILTON, Bermuda -- Arch Capital Group Ltd. (NASDAQ:ACGL) announced today that it has agreed to sell in an underwritten public offering $125 million aggregate liquidation preference of its 7.875% Non-Cumulative Preferred Shares, Series B, with a liquidation preference of $25.00 per share. The Company intends to use the net proceeds...
NEW YORK -- Citi announced today that it has priced a public offering of depositary shares representing 58,000 million shares of 6.5% Series T Non-Cumulative Convertible Preferred Stock with a liquidation preference of $50,000 per share ($50 per depositary share), resulting in an aggregate liquidation preference of $2.9 billion. The...
KANSAS CITY, Mo. -- Entertainment Properties Trust (NYSE: EPR) today announced that it has priced 3.2 million shares of 7.75% Series B Cumulative Redeemable Preferred Shares, with a liquidation preference of $25.00 per share. E[acute accent]The 7.75% Series B Preferred Shares will be redeemable at the liquidation preference at the...
NEW YORK -- PRIMEDIA Inc. (NYSE: PRM) today announced that it is calling for redemption all of its outstanding shares of $10.00 Series D Preferred Stock (with an aggregate liquidation preference of approximately $167 million), all of its outstanding shares of $9.20 Series F Preferred Stock (with an aggregate liquidation...
The article traces the history and development of the FAIR and beach plans. It reports on operating philosophy as well as procedures and practices in place in the involuntary property markets today. It reports mixed success in effort to depopulate the plans. In addition, it provides some indication of the...
NEW YORK--BUSINESS WIRE--Dec. 2, 1998--Viacom Inc. (Amex: VIA and VIAB) announced today that it has redeemed from Bell Atlantic Corporation $600 million in liquidation preference of the Company's Series B Cumulative Convertible Preferred Stock for $564 million in cash, plus accrued dividends. Bell Atlantic continues to hold the remaining $600...
SAN FRANCISCO -- UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCBTM), announced today that it intends to offer 135,000 shares, or $135 million in aggregate liquidation preference, of Non-Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock"). UCBH is also granting the underwriters a 30-day option to...
Bankruptcy liquidation also known as Chapter 7 Bankruptcy is a legal process where most if not all of your debt can be eliminated. It may take four up to six months and currently costs $299 to file. Bankruptcy liquidation can be used by individuals and businesses. However, it is not...
The paper explores the relationship between the debtor’s firm and the creditors. There are a number of factors involved in deciding whether to go for liquidation or not. Several subtle points in valuation have to be taken into consideration by a firm before liquidation. The timing also plays a crucial...
ARLINGTON, Va. -- The Mills Corporation (NYSE:MLS), a leading developer of retail and entertainment destinations, today announced that it proposes to make an offering of $275 million aggregate liquidation preference of Series F Cumulative Redeemable Convertible Preferred Stock to qualified institutional buyers in accordance with Rule 144A of the Securities...
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) priced a private offering of $255 million of a series of 4.125% cumulative convertible preferred stock at its liquidation preference of $1,000 per share. Chesapeake granted the initial purchasers a 30 Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) priced a private...
WIJCHEN, Netherlands -- Nortem N.V. in Liquidation (Nasdaq:MTCH), formerly "Metron Technology N.V.", announced today that it filed its liquidation accounts and plan of distribution for public inspection with the Dutch Commercial Registry in Arnhem. A copy of the liquidation accounts and plan of distribution as filed in The Netherlands is...
SAN DIEGO -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventory, today announced eight Liquidation Services Contracts for various commercial clients.
SAN DIEGO -- BizAuctions, Inc. (Pink Sheets:BZCN), a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns for retailers, distributors, and manufacturers, announced that it is now offering its eBay liquidation services nationwide.
Preference erosion has become an obstacle to multilateral trade liberalization, as beneficiaries of trade preferences have an incentive to resist reductions in most favored- nation MFN tariffs. This study identifies middle-income developing countries that are vulnerable to export revenue loss from preference erosion. It concludes that the problem is heavily...
NEW YORK -- American Mortgage Acceptance Company ("AMAC" or the "Company") (AMEX:AMC) announced today the Company has priced an offering of 680,000 Series A Convertible Preferred Shares (the "Preferred Shares"). The Preferred Shares have a liquidation value of $25.00 per share and will pay cash dividends at a rate of...
With AT&T Tech Support 360, you'll have certified, U.S. based technicians on call 24/7 to help keep your computers, connections, software and peripherals up to speed for just 82¢ a day.
