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The Day Ahead: Value America Board Members Throw Cash Into The Pit
News Struggling e-tailer Value America would like you to believe that some of its board members gave the company a vote of confidence by forking over $30m (£19.9m) for convertible preferred shares. These preferred shares add up.
[May 11, 2000, 12:03]
SCO And BayStar Still Fighting
News SCO and BayStar appeared to have buried the hatchet in June, announcing a deal under which SCO would buy back all the preferred shares BayStar owned after an investment made in October 2003. The two firms had agreed that SCO would exchange 2,105...
[July 26, 2004, 9:10]
Investor Wants To Pull Out Of SCO
News BayStar sent SCO a letter on Thursday "requesting that SCO immediately redeem BayStar's 20,000 shares of SCO's Series A-1 Convertible Preferred Stock," SCO said in a statement on Friday. BayStar said SCO breached four sections of an agreement that...
[April 19, 2004, 12:20]
BayStar Buys More Of SCO
News Now, the Canadian bank has sold 20,000 of its 30,000 preferred shares to BayStar and converted the remaining 10,000 into common stock that can be sold, SCO spokesman Blake Stowell said on Friday. Because SCO's common stock is more liquid than the...
[May 10, 2004, 12:35]
The Day Ahead: Beware The E-tailing Trap
News EToys' preferred debt investors could have converted shares at will if shares traded below $2.30 for three consecutive days. Commentary: If you've been watching shares of eToys in recent days, you may have had a few 1999 flashbacks.
[November 28, 2000, 13:25]
SCO Restates Financials
News The second problem concerned incorrect classification of dividends related to the company's repurchase of preferred shares relating to a $50m investment in the company. The change has to do with dividends SCO had to allocate in relation to the...
[March 4, 2005, 9:00]
HP, Novell Do Desktop Linux Deal
News In the deal, IBM bought Novell preferred shares that may be converted into eight million shares of common stock for $6.25 per share. The preferred shares come with a dividend of 2 percent per year, which Novell pays in cash quarterly.
[March 25, 2004, 8:25]
SCO Reports Poor Results
News Earlier this month, SCO reached an agreement with BayStar Capital, under which the company would pay $13m in cash and 2.1m in shares to retire all series A-1 convertible preferred stock held by BayStar.
[June 10, 2004, 16:40]
AMD Invests In Chip Designer Transmeta
News As part of the investment, AMD will receive preferred shares of Transmeta. After the announcement, Transmeta shares rose 24 cents (11 pence), or 34 percent, to 94 cents (46 pence) in late trading. Shares of AMD rose 20 cents (9 pence), or 1.4...
[July 9, 2007, 8:13]
BayStar Settles Differences With SCO
News BayStar Capital, the firm that arranged a $50m (£27m) investment in the SCO Group but then sought to get its money back, has settled its disagreement with a deal to sell its preferred shares to SCO. BayStar currently has preferred shares worth $40m...
[June 2, 2004, 9:00]
Compaq, CMGI Seal AltaVista Deal
News Compaq will get 19 million shares of CMGI common stock and preferred shares equal to another 1.8 million common shares, making it the largest outside shareholder of the company. The $2.3bn (£1.40bn) stock swap calls for Compaq to keep a 17 percent...
[June 29, 1999, 14:33]
Ebay Execs Defend IPO Share Grab
News While reasonable people can debate whether giving private banking clients preferred access to IPO shares is fair or whether policies regarding such transactions should be reformed, there is no question about the legality of this practice today...
[October 24, 2002, 9:58]
S3 Buys Diamond - Shareholders Not Happy...
News Diamond shares plummeted 14 percent, down 25/32 to 4 29/32 in morning trading, while S3 was down 3/16 to 9 1/4. Shares of Diamond are falling because S3 didn't pay a premium for the company. Diamond shareholders will receive 0.52 shares of S3...
[June 22, 1999, 16:11]
SCO Accepts $50m Investment
News BayStar bought preferred shares that are convertible at a price of $16.93 per share of common stock. That conversion that would give BayStar 2,953,000 shares, or 17.5 percent of outstanding shares, SCO said.
[October 17, 2003, 9:30]
The Day Ahead: Compaq's CMGI Loss Quite A Distraction
News In August 1999,Compaq sold an 81.5 percent equity interest in AltaVista for approximately 19 million CMGI common shares, CMGI preferred shares convertible into 1.8 million CMGI common shares and a $220m three-year note receivable.
[January 24, 2001, 13:05]
Google Looks For IPO
News The process would also allow investors equal chances of buying into the IPO, rather than allocating shares to investment banks that can dole them out to preferred customers. Since 1999, the bank has brought eight companies public using Dutch...
[October 24, 2003, 8:55]
PeopleSoft Reveals JDE Merger Detail
News Edwards shares have been tendered for about $14.74 in stock and cash per share, in a preliminary review of the exchange offer. Edwards stockholders who choose to exchange their shares for a mix of cash and stock will receive $12.48 in cash and...
[July 24, 2003, 10:44]
Be Free Buys TriVida
News Online marketer Be Free announced on Wednesday that it would buy TriVida, to improve its ability to predict customer preferences, in an exchange worth about 1.56 million of its shares. Shares in the performance-based marketing company closed at 108...
[February 16, 2000, 14:06]
Siebel Systems Swallows Poison Pill
News The company's shares closed at $8.87, or about £5.30 on Wednesday, down from a 52-week high of $37.21 last spring. The company cancelled the options in response to criticism that its generous granting of stock options has diluted the value of its...
[January 31, 2003, 8:01]
Novell To Acquire Cambridge Technology
News Novell shares closed off 25 cents to $5.81 ahead of the merger announcement before falling to $5.44 in after-hours trading. Cambridge Technology shares trimmed 21 cents to $3.09 before moving up to $3.65 in extended trading.
[March 13, 2001, 8:13]
