CapitalSource (CSE) Raises Buyback Plan to $385 Million
Tweet Send to a FriendGet Alerts CSE Hot Sheet
Price: $9.36 +0.86%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +40.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +40.0%
Trade CSE Now!
CapitalSource Inc. (NYSE: CSE) today announced that a majority of the holders of its outstanding 12.75% First Priority Senior Secured Notes due 2014 have tendered their Notes and delivered their consent to proposed Amendments pursuant to a Tender Offer and Consent Solicitation launched on August 31, 2011.
With the restrictive covenants substantially eliminated, the CapitalSource Board has increased the authorized level of share repurchases by $200 million, raising the total authorization to $385 million
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
With the restrictive covenants substantially eliminated, the CapitalSource Board has increased the authorized level of share repurchases by $200 million, raising the total authorization to $385 million
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Macy's (M) Posts Q1 EPS of 55c; Comps Up 3.8%; Boosts Dividend 25%, Raises Buyback
- Northrop Grumman (NOC) Adds $4B to Repurchase Plan, Plans to Retire 25% Outstanding Shares
- United Stationers (USTR) Declares $0.14 Qtr. Dividend; 1.7% Yield; Raises Buyback by $100M
Create E-mail Alert Related Categories
Stock Buybacks
Login with Facebook
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!
