SunEdison Announces Pricing Of $650 Million Of Perpetual Convertible Preferred Stock
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Needham & Company Raises Price Target on SunEdison (SUNE) Following Recent Financing
August 19, 2015 6:43 AM EDTNeedham & Company reiterated a Buy rating on SunEdison (NYSE: SUNE), and raised the price target to $31.00 (from $30.00), following recent rounds of financing. Analyst Edwin Mok believes that the recently completed 2 rounds of financing is needed to fund the 2016 growth target, as well as to shore up the company's balance sheet. The recent decline... More
SunEdison (SUNE) Prices 650k Series A Perpertual Conv. Preferred Stock Offering
August 18, 2015 9:11 AM EDTSunEdison (NYSE: SUNE) announced the pricing of its public offering of 650,000 shares of 6.75% Series A Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Perpetual Convertible Preferred Stock"), at a price of $1,000 per share. The offering is expected to close on August 21, 2015, subject to customary closing conditions.
Dividends on the shares of the Perpetual Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by the Company's board of directors, or an authorized committee thereof, at the rate per annum of 6.75%... More
