Palm (PALM) Exercises Right To Remarket 18.5M Common Shares Underlying Elevation Units
More News related to PALM
- Holiday Retail Match-Up: Wal-Mart vs. Amazon... Who Will Come Out on Top?
- The Google (GOOG) Phone is Coming... Someday
- Griffin's Blue Ridge Likes A Major Bank, Swaps Into Gold Miner ETF, Picks Up More Silver and Makes Moves In Tech
- Notable Analyst Rating Changes 11/17: XOM, PALM, ALKS, ITW, SINA Upgraded; SPWRA, PARD, PSUN, JOYG Downgraded
- Kaufman Bros. Upgrades Palm (PALM) to Buy
Palm, Inc. (NASDAQ: PALM) is exercising its right to remarket approximately 18.5 million common shares underlying 49% of the units of Series C preferred stock and warrants acquired by Elevation Partners in January 2009. In addition, the underwriters will have the right to purchase an additional 2.8 million common shares from Palm to cover over-allotments, if any.
If the remarketing is completed, Palm will receive all net proceeds in excess of $49 million, the original purchase price of the units.
Related Categories
Equity OfferingsStocks Mentioned
+0.00Related Entities
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!
