DURHAM, N.C.-- Drug developer Chimerix Inc. said Monday it took a larger loss in the first quarter on costs related to redeemable preferred stock. Chimerix conducted its initial public offering in April, and the company said it raised $117.9 million before expenses and discounts. Shares of Chimerix rose 70 cents, or 3.5 percent, to $20.75 in morning trading.
NEW YORK-- Harbinger Group Inc., the holding company run by hedge fund manager Philip Falcone, said Thursday its fiscal second-quarter loss widened, pulled down by losses related to its preferred stock.
HOUSTON-- Apache plans to sell $4 billion in assets by year's end to slash debt and the energy company announced a $2 billion buy back of its own stock, sending shares higher in early trading Thursday. For the period ended March 31, net income after preferred dividends fell 10 percent to $698 million, or $1.76 per share, from $778 million, or $2 per share, a year earlier.
May 7- Miller Energy Resources Inc:. *Prices new offering of its series C preferred stock. *Says public offering priced at $22.25 per share.
May 6- Arbor Realty Trust Inc:. *Announces pricing of public offering of series b cumulative redeemable. *Priced the public offering of the shares at liquidation preference $25.00 per.
May 6- General Finance Corp:. *Announces public offering of series c cumulative redeemable perpetual. *To use net proceeds of this offering to pay down senior indebtedness.
April 30- Canadian Utilities Ltd:. *Underwriters have agreed to buy 6 million 4.50% cumulative redeemable second. preferred shares series DD at a price of $25.00 per share.
*Rolls-Royce Holdings: Citigroup drops from most preferred stock list;. adds Safran to most preferred stock list. *MTU Aero Engines: Citigroup drops from least preferred stock list; adds BAE Systems as least preferred stock.
NEW YORK, April 26 Prologis, Inc.' s recent $1.3 billion follow-on common stock offering is a material credit positive, according to Fitch Ratings. Fitch currently rates PLD, its operating partnership, Prologis, L.P. and its subsidiary Prologis Tokyo Finance Investment Limited Partnership as follows:. --$100 million preferred stock' BB+'.
CHICAGO, April 25 The following auction market preferred shares issued by Boulder Growth& Income Fund, Inc. are paid in full following the full redemption of outstanding shares, according to Fitch Ratings:. BIF is a closed-end fund co-advised by Boulder Investment Advisers LLC and Stewart Investment Advisers.
April 25- Urstadt Biddle Properties Inc:. *Announces redemption of 8.50% series c senior cumulative preferred stock. *Says dividends on the series c preferred stock will cease to accrue on the.
SAN FRANCISCO, March 1- Hedge fund manager David Einhorn's Greenlight Capital has dropped its lawsuit against Apple Inc after winning a battle to stop the iPhone maker from a shareholder vote on a proposal to abolish its ability to issue preferred shares at its discretion.
*Vote was to be held at Apple's annual meeting on Feb. 27. NEW YORK, Feb 22- A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
NEW YORK, Feb 22- A judge handed outspoken hedge fund manager David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
NEW YORK, Feb 22- A judge handed hedge fund star David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
NEW YORK, Feb 15- David Einhorn reiterated his arguments Friday that a judge should block a shareholder vote on Apple Inc's proposal to eliminate its ability to issue preferred shares without investor approval, days before a court hearing.