News & Events - Rights Offering

  • April 18, 2012

    Cosi, Inc., the fast casual restaurant company, today announced that it filed a registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") for a rights offering to its existing shareholders.

  • February 23, 2012

    Sears Holdings Corp announced steps to reassure investors about its ability to pay down debt, sending its shares soaring 16 percent in early trading.  The operator of Sears department stores and the Kmart discount chain said it intends to separate its Sears Hometown and Outlet businesses and certain hardware stores through a rights offering expected to raise $400 million to $500 million.

  • April 05, 2010

    The rights offering now is $505.5 million, rather than $450 million under the original plan.

  • March 29, 2010

    Reorganized company makes rights offering to raise money.

  • November 23, 2009

    SM Development Corp (SMDC.PS) of the Philippines, a company controlled by shopping mall magnate Henry Sy, said on Tuesday it had set a price of 3.50 pesos ($0.74) per share for its rights offer worth 4.8 billion pesos.

  • November 17, 2009

    Cosi Inc., the premium convenience restaurant company, intends to pursue a rights offering for up to $5 million of its common stock, par value $0.01 per share.

  • October 28, 2009

    ING Groep NV, the bank and insurer that plans to raise 7.5 billion euros ($11.1 billion) in a rights offering, appointed 19 banks to oversee the share sale.

  • October 26, 2009

    Lloyds will ask shareholders to buy 11.5 billion pounds of stock in a rights offering and present plans to convert 11 billion pounds of subordinated debt into equity.

  • October 26, 2009

    ING Groep NV plans to raise 7.5 billion euros ($11.3 billion) in a rights offering and sell its insurance units as the biggest Dutch financial services company seeks European Union approval for a taxpayer-funded bailout.

  • October 23, 2009

    The struggling South Korean subsidiary of General Motors said Friday it has secured more than 400 million dollars in new funds through a rights offering, but its US parent was the sole subscriber.

  • October 17, 2009

    State-run Korea Development Bank (KDB) said it would not participate in a rights offering of the South Korean unit of General Motors if the U.S. carmaker did not meet its request for financial aid to GM Daewoo.

  • October 15, 2009

    The chief executive of General Motors Co. reiterated on Thursday that the U.S. automaker would join a rights offering by its struggling South Korean unit, but gave no hint whether GM would put in as much as the unit’s biggest creditor wants.

  • October 13, 2009

    Singapore's K-Reit seeks $444 million at a tight 11.8% discount to Terp, while Hong Kong-listed New World China is attempting to raise at least $630 million at a 29.2% discount to Terp

  • October 10, 2009

    The Securities and Exchange Commission has approved listed Security Bank Corp.’s plan to sell P2.5 billion worth of shares to stockholders to raise funds.

  • October 06, 2009

    Societe Generale SA, France’s second- largest bank by market value, will seek 4.8 billion euros ($7.1 billion) in a rights offer to repay the French state and purchase a stake in Credit du Nord.

  • October 05, 2009

    South Korea's No.4 banking group Hana Financial (086790.KS), whose two biggest shareholders are Singapore wealth fund Temasek and Goldman Sachs (GS.N), said it may raise capital via a new share sale, fuelling talk of financial sector consolidation and knocking Hana's shares down almost 15%.

  • October 01, 2009

    Cosi Inc., parent of the 144-unit fast-casual chain, filed a registration statement with federal securities regulators for a rights offering to its existing stockholders that could garner the company $5 million.

  • September 30, 2009

    UniCredit SpA will shun state aid and seek to raise 4 billion euros ($5.8 billion) selling stock, making it the third European bank in less than a week to turn to shareholders for funds as equity markets rebound.

  • September 30, 2009

    The Fort Lauderdale-based company’s existing shareholders chose to purchase 38 million newly issued shares (NYSE: BBX) at $2 a share.

  • September 25, 2009

    DnB NOR ASA, Norway’s largest bank, said it plans to raise 14 billion kroner ($2.41 billion) in a rights offer, the last major Nordic lender to raise capital since the global credit crisis began last year.

  • September 02, 2009

    China Nonferrous Metal Industry's Foreign Engineering and Construction Co Ltd on Wednesday announced that it has decided to raise up to RMB 800 million via a rights offering in order to finance its projects and replenish working capital.

  • September 01, 2009

    KB Financial Group’s rights offering was 98.45 percent subscribed when it closed last week, according to a statement filed with the Securities and Exchange Commission, FinanceAsia reported. Although slightly undersubscribed, the group raised the full $914 million it was seeking thanks to the deal being fully underwritten.

  • September 01, 2009

    The two firms have proposed a $75 million rights offering by Builders FirstSource to existing stockholders at a subscription price of $2 per share.

  • July 24, 2009

    Illovo Sugar Ltd., Africa’s largest producer of the sweetener, plans to raise 3 billion rand ($390 million) through a rights offer to fund expansion.

  • March 31, 2009

    Santander, which raised 7.2 billion euros with a rights offering in November, ended last year with a core capital of 7.23 percent, up from 6.31 percent in ...

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