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News & Events: Rights Offering


  • 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

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

  • 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 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

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

  • 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.

  • 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.

“It’s with genuine appreciation to all of our clients that we are in a position to achieve and maintain our leadership position in so many areas.”