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 offering.
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 offering
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.
