Entries tagged "rights offering"
Publicly traded buyout shop Intermediate Capital is doing a rights offering that gives shareholders a 75% discount to Wednesday's closing price.
Trouble in the housing market isn't just endemic of the U.S. The U.K.'s largest mortgage lender, HBOS plc, Thursday spooked investors ahead of its impending £4 billion ($7.8 billion) rights issue by issuing a gloomy prognosis of the U.K. housing market and saying more of its customers were falling behind with loan repayments. ...
Offer is one step the Swiss lender is taking in an effort to deal with losses related to the subprime meltdown.