Metrobank had previously disclosed it will raise up to P60 billion through this stock rights
offering, proceeds from which will enable the bank to pursue business prospects and sustain its strong growth trajectory.
8bn worth of debt and will further reduce its debt by another PHP5bn using the proceeds of the PHP15bn stock rights
Example 1: An investor owns stock in a company and receives a distribution of stock rights
to purchase additional shares at $36 per share.
the period for substituting nondiscounted Stock Rights
for discounted Stock Rights
(although there can be adverse consequences to participants if the substitution of vested rights does not occur until 2006).
Poison pills" are contingent stock rights
that are incorporated into a stock certificate or distributed as a dividend, which serve to enable a corporation to defend itself against an unsolicited tender offer.
RCBC president Gil Buenaventura said the proposed stock rights
offering would complement the bond offering.
5-million stock rights
offering by the PSE that the exchange claims would dilute the brokers' ownership down to 20 percent.
The Philippine Stock Exchange (PSE)will be launching its stock rights
offering of February 26, 2018 after setting the offering price and entitlement ratio on February 9.
PERC) of the Yuchengco Group has successfully completed its stock rights
offer, raising around P758.
M2 EQUITYBITES-December 30, 2015-Empire Resorts declares common and preferred stock rights
RCBC said that it would pursue the stock rights
offer in January if the deal with Cathay Life isn't completed by the end of December.