Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 3:17 AM
|This Slide: #346 of 573|
Slide #346. Actavis plc — Preferred Stock Offering
Actavis plc (NASDAQ:ACT)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Actavis plc (NYSE: ACT) today announced that it is commencing concurrent offerings totaling $8.4 billion, comprising $4.2 billion of Ordinary Shares and $4.2 billion of Mandatory Convertible Preferred Shares, Series A, each in a separate registered public offering, subject to market and other conditions. - updated 2/25 - Actavis plc (NYSE: ACT) today announced that it has priced its concurrent offerings of 13,194,445 Ordinary Shares at $288.00 per share and 4,600,000 5.500% Mandatory Convertible Preferred Shares, Series A, at $1,000.00 per share, each being offered in a separate registered public offering.
Enact Holdings is a private mortgage insurance company. Through its subsidiaries, Co. provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans where the loan amount exceeds 80% of the value of the home ("low-down payment loans"). Co.'s credit protection provides families access to homeownership sooner than would otherwise be possible. Co. facilitates the sale of mortgages to the secondary market, including to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation and private investors, and protect the balance sheets of mortgage lenders that retain mortgages in their portfolios.
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Strong Buy (3.78 out of 4)
(ranked higher than approx. 76% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com