5 posts and columns on dilution

LG Electronics to Raise $940 Million in Rights Offering

in Mobile on November 3, 2011 at 9:50 am PT

LG Electronics Inc.’s board approved a plan to raise $940 million via a rights offering, news that sent shares of the South Korean consumer electronics firm down by more than 13 percent Thursday.

Study Group Time: Here Are the Legal Briefs for eBay-craigslist Trial Tomorrow!

in News on December 6, 2009 at 12:09 pm PT

The trial begins bright and early tomorrow morning in Delaware between online auction giant eBay and Web classified kingpin craigslist. Since BoomTown is in a “Paper Chase” mood, I expect everyone to bone up on the legal issues by reading the pretrial briefs below. If not, as John Houseman, playing Professor Charles Kingfield, said so memorably: “Here is a dime. Take it, call your mother, and tell her there is serious doubt about you ever becoming a lawyer.”
paperchase-splsh

Google Plans $750 Million Buyback to Offset AdMob Dilution

in News on November 11, 2009 at 3:30 pm PT

Google plans to buy back $750 million of its common stock to offset dilution from shares to be issued in the pending all-stock acquisition of AdMob, CEO Eric Schmidt told Bloomberg yesterday.

AT&T CEO Randall Stephenson: “Wireless Is the Priority of This Business”

in D7 on May 27, 2009 at 8:17 am PT

Randall Stephenson is just two years into his tenure as CEO of AT&T, but faces challenges that have been decades in the making. Among them: remaking AT&T amid the steady decline of its landline business, future-proofing its business as our appetites for bandwidth grow, competing with the likes of Comcast in the cable TV market and fending off the proponents of Net neutrality who don’t care much for the idea of a two-tiered Internet. Beyond this there is the issue of continuing to build out AT&T’s wireless business, which if not iPhone-dependent, is certainly nursing a hell of a habit.
Randall Stephenson at D7

Reality Check: Sprint Cancels Convertible Bond Offering, Stock Soars

in News on August 8, 2008 at 10:43 am PT

Shares of Sprint-Nextel (S) are soaring this morning after the company confirmed rumors last night that it canceled the sale of $3 billion of convertible bonds that threatened common stock holders with substantial dilution. According to the press release, Sprint nixed the deal because “the terms being offered were not economically attractive due to unfavorable market conditions.”