Items Tagged with 'Share price'

ARTICLES

  • NYSE To Delist Thornburg Shares

    Super-jumbo and ultra-prime mortgage lender Thornburg Mortgage, Inc. [stock TMA][/stock] is about to lose its spot on the New York Stock Exchange, according to a company statement Wednesday morning. The company said that its stock has been suspended from trading and will be delisted for failing to meet the NYSE's $1.00 rule; the exchange requires company stocks to maintain an average closing price of greater than $1.00 over a consecutive 30-day period.
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  • Fannie Warns of Reverse Stock Split

    Fannie Mae [stock FNM][/stock] appears to be headed for a reverse stock split in a bid to keep its shares trading on the New York Stock Exchange. According to a filing with the Securities and Exchange Commission last week, the GSE said it had notified the NYSE that it intends to bring the share price of its common stock and the average share price of its common stock for 30 consecutive trading days above $1.00 by no later than May 11, 2009.
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  • Accredited Finds Buyer for a Mere $400M

    Just saw a VERY interesting press release cross the wire -- Accredited's being bought out on the cheap. Some tidbits from the press release: Under the terms of the agreement, Lone Star will acquire each outstanding share of Accredited common stock at a price of $15.10 per share, for a total consideration of approximately $400 million on a fully diluted basis. ...
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