HSBC Raises $17.7 Billion in Stock Sale - NYTimes.com
source: http://www.nytimes.com/2009/04/06/business/global/06hsbc.html?ref=global-home
-
-
- Psychedelic
- added this
http://www.nytimes.com/2009/04/06/business/global/06hsbc.html?ref=glo...
the bank sold 4.9 billion shares, or 96.6 percent of the stock offered, to existing shareholders at £2.54, or $3.77, each or $15,080,000,000Shares in the so-called rights issue were sold at a 41 percent discount to the company’s closing share price in London on Friday and yielded HSBC $17.7 billion net of expenses.
unsold shares would be acquired by its underwriters, led by Goldman Sachs International and JPMorgan Cazenove
a major 2002 move into the American market through the acquisition of Household Finance, a subprime mortgage lender, has been an albatross around its neck, costing billions of dollars in loan impairments and goodwill write-downs. It plans to close the business.
-
-
sickinjersey
-
aw jeese there goes my credit card.
- 4 years ago
-
sickinjersey
