Thursday, October 30, 2014
Equity Trader Alert #2014 - 98
Nasdaq Announces the Establishment of an Ex-Date for Sears Holdings Corporation (SHLD) Rights Offering
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An EX date has been established for Sears Holdings Corporation (SHLD). A market for the Sears Holdings Corporation rights (SHLDZ) will be established. Sears Holdings Corporation (SHLD) has announced a transferable rights offering to purchase units. Each unit is immediately separable into one 8% senior unsecured note due December 15, 2019 in the principal amount of $500 and 17.5994 warrants with each warrant entitling the holder to purchase one share of Sears Holdings Corporation (SHLD) common stock at an exercise price of $28.41 per share, expiring on December 15, 2019. The details of the rights offering are as follows:
Sears Holdings Corporation rights will list on Nasdaq on a regular-way basis on Friday, October 31, 2014. Please note the right will be trading under the symbol SHLDZ. The details for this market are as follows:
Sears Holdings Corporation warrant will list on Nasdaq on a regular-way basis after the conclusion of the rights offering. The details for this market are as follows:
For information on this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523. |
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