Regions Financial (RF) Buys Back U.S. Treasury TARP Warrant for $45M
Regions Financial Corp. (NYSE: RF) announced today that it completed the repurchase of the warrant issued to the United States Department of the Treasury as part of the TARP Capital Purchase Program. The warrant provided the right to purchase 48,253,677 shares of Regions common stock at $10.88 per share. Regions and the U.S. Treasury agreed upon a repurchase price of $45 million for the warrant.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UniPixel (UNXL) Terminates Agreement with Kodak, COO Separated from Service
- Amarin Corp plc (AMRN) Announces ANCHOR CRL from FDA on Vascepa
- Genzyme (SNY) Receives FDA Fast-Track Designation for GZ/SAR402671as Fabry Disease Treatment
Create E-mail Alert Related CategoriesCorporate News
Related EntitiesTreasury Capital Purchase Program
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!