#1
|
Palm Loads up on Cash, Elevation Loads up on Stock
Palm Loads up on Cash, Elevation Loads up on Stock
After Palm announced the price of their new public stock offering, $16.25 per share, it looks like Elevation Partners and its directors have been busy buying it up, thestockmasters.com notes: (Palm CEO Jon Rubinstein also made some stock moves.) Meanwhile, Palm exercised an over-allotment option for the underwriters to purchase an additional 3 millions shares of common stock, which "brings the expected net proceeds of the public offering to $359.9 million." Try not to let your eyes glaze over too much, the bottom line is that it's a heap of cash for a company that's been hungry for it. They intend to use it "for working capital and general corporate purposes," which to us sound like they have a plan and they're executing against it. originally found here: Codehttp://www.precentral.net/elevation-partners-its-directors-are-loading-palm-stock |
Tags |
cash, elevation, loads, palm, stock |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Backed by Elevation Capital, Profit.co helps companies execute OKRs | phillynewsnow | AVN News Feed | 0 | 01-31-2023 08:11 AM |
Messenger Pro is an Xposed Module that adds loads of features to Facebook M | phillynewsnow | Random Community Topics | 0 | 03-28-2022 12:27 PM |
[NEWS] Palm sets price of expanded secondary stock offering | iamdasht19 | Random Community Topics | 0 | 09-23-2009 07:04 PM |
PALM PRE Currently OUT OF STOCK | BiG JeW | Random Community Topics | 31 | 06-10-2009 02:30 PM |
Palm Gets $100 Million Cash Infusion | puertoblack2003 | Random Community Topics | 1 | 12-24-2008 11:48 AM |
Layout Options | Width:
Fixed
Contact Us -
SPJ Bulletin -
Archive -
Privacy Statement -
Terms of Service -
Top
| |