US Warrant News

Elizabeth Arden to review tender offer by Rhone CapitalFox Business19 that the investment firm had agreed to purchase $50 million of redeemable preferred stock and warrants to purchase 2.5 million common shares at an exercise price of $20.39, representing about 7.6 percent of the company’s outstanding shares. Rhone …Elizabeth Arden Evaluating Partial Tender Offer By […]

Elizabeth Arden mulls investment firm tender offerBusinessweek19 that the investment firm had agreed to purchase $50 million of redeemable preferred stock and warrants to purchase 2.5 million common shares at an exercise price of $20.39, representing about 7.6 percent of the company’s outstanding shares. Rhone …Elizabeth Arden Evaluating Partial Tender Offer By Rhone CapitalBenzingaElizabeth Arden

Education Management Lenders Get Control in Debt SwapBloombergIn return the lenders would get a preferred equity stake convertible to common shares and warrants for the purchase of additional stock, according to the statement. Existing shareholders would see their stake cut to 4 percent after the conversion of …Education Management (EDMC) Reaches Agreement with Debt Holders

Elizabeth Arden Evaluating Partial Tender Offer By Rhone CapitalBenzingaShares of Elizabeth Arden (NASDAQ: RDEN) spiked sharply higherbefore falling back, on news that Rhone Capital has submitted a partial tender offer to acquire up to 6,442,013 shares of the outstanding common stock of the company for 17.00 per share cash …Elizabeth Arden Announces Intent to Evaluate

Elizabeth Arden to Evaluate Tender Offer From Rhone Capital AffiliatesWall Street JournalEarlier this month, Elizabeth Arden had said the funds agreed to purchase $50 million of the company’s preferred stock and would receive warrants to purchase 2.5 million common shares at $20.39 each, which would represent about 7.6% of the company’s …Elizabeth Arden Announces Intent

Elizabeth Arden Announces Intent to Evaluate Tender Offer by Affiliates of …Business Wire (press release)… partial tender offer to acquire up to 6,442,013 shares of the Company’s outstanding common stock, constituting approximately 20% of such outstanding common stock (including shares of common stock underlying warrants held by Rhône Capital), at a … …read more

22nd Century Group: A Lot Of Smoke, Not Enough FireSeeking Alpha (registration)In November, XXII issued another 3.2M shares of its common stock and 1.7M warrants for $809.5K, or $0.25 per unit. XXII only received $681K in cash, however while the rest was exchanged for a reduction in accounts payable and directors’ fees owed. …read more

Education Management (EDMC) Reaches Agreement with Debt Holders Over …StreetInsider.com (subscription)The company’s existing shareholders would retain 4 percent of the outstanding common stock after giving effect to the conversion of the new preferred stock and receive warrants to purchase an additional 5 percent of the common stock. The comprehensive … and more …read more