the Fund's Investment Adviser, and the Fund's sub-advisers intend to invest the net proceeds from the Rights Offering
to pursue attractive investment opportunities in equity securities of South Korean companies in accordance with the Fund's investment objective and policies.
Under the terms of the Rights Offering
described in the prospectus contained in the Registration Statement, the Company will distribute non-transferable subscription rights to purchase up to an aggregate of 11,660,524 shares of the Company's common stock, par value $0.
05 per share, representing the number of shares that MacAndrews & Forbes would otherwise have been entitled to subscribe for in the rights offering
pursuant to its basic subscription privilege (which was approximately 60% of the total shares sold in the rights offering
and private placement combined).
Revlon is pleased to announce that the rights offering
was significantly over-subscribed, with subscribers in the rights offering
, other than MacAndrews & Forbes Holdings Inc.
Pursuant to the rights offering
, Revlon will distribute, at no charge, one transferable subscription right for each share of Class A common stock and Class B common stock held by each stockholder of record as of 5:00 p.
Ford and ARC Diamond have agreed to purchase the shares of ARC common stock that they otherwise would have been entitled to subscribe for in the rights offering
in a private placement directly from ARC at the same price per share as in the rights offering
02 of the NYSE Listed Company Manual and the Board's Guidelines for Assessing Director Independence, and based on market conditions at the time of the rights offering
The completion of this rights offering
will be yet another major step in the relaunch of our company," said Dr.
If consummated, the combination of the new equity investment and the exit financing would allow the Company to satisfy all valid claims of creditors in full and allow holders of Foamex International's stock to retain their ownership interests, subject to any dilution that may occur in connection with the rights offering
The total proceeds to Motient from the rights offering
Motient commenced this rights offering
on August 8, 2006 and the rights offering
is scheduled to expire on September 7, 2006, unless it is extended by Motient.
The rights offering
will be made only by means of a prospectus that Halsey will file with the Securities and Exchange Commission as part of a registration statement.
Motient Corporation (MNCP) announced today that it had commenced a rights offering
for the sale of up to 2,500,000 shares of its common stock.
0 million rights offering
of common stock to its shareholders.
8 billion rights offering
to stockholders backstopped by Berkshire Hathaway Inc.