The other component of the Equity Security
Units is a purchase contract requiring holders to purchase shares of Motorola's common stock on or prior to November 16, 2004.
John Petersen, Axion's chairman and general counsel, added, "We intend to vigorously pursue confirmation of the proposed plan, which will, if confirmed, allow us to achieve our long-standing goal of distributing the Axion stock in the Mega C Trust to the holders of allowed equity security
interests in Mega C.
The underwriters for XL's equity security
unit offering are Goldman, Sachs & Co.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any of the equity security
units, or any other securities, nor will there be any sale of the equity security
units, or any other securities, in any state, or jurisdiction, in which such offer, solicitation, or sale, is not permitted.
CHICAGO -- Fitch Ratings has assigned a rating of 'A-' to XL Capital Ltd's (XL) proposed offering of $650 million of equity security
the stock markets, market regulators, stock indexes and types of equity security
traded in the leading markets
describe the different types of equity security
that are available
The Notes were originally issued on May 28, 2002 by Toys "R" Us as part of its Equity Security
Units, which consisted of a purchase contract for a specified number of shares of Toys "R" Us common stock, collateralized by the related note.
By tendering their notes, the holders whose Notes are currently held under the pledge arrangement under the Equity Security
Units will direct the Depositary Agent for the tender offer to use that portion of the consideration related to the Treasury securities to purchase the Treasury securities which are required to be substituted as collateral under the pledge arrangement as security for the tendering holders' obligations under the purchase contracts.
Ratings assigned to the company's existing equity security
units, as well as securities available under the company's current shelf offering, have also been downgraded.