Reportedly, the stake sale will be at a substantial discount, estimated between 30% to 50%.
Some of those non-performing loans will be directed into one of the many foreclosure alternatives now available to lenders: from loan modification to short sale to even sale of the loan at a discount to another entity who then can try to get that loan performing again.
The sale price for the additional shares will be at 10% discount.
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The discount will remain at 42% until the sale ends, 11:59PM CST Monday.
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Much of what is on sale can be bought at dollar stores, Halloween shops and other discount stores for next to nothing but placed within the Lady Gaga brand and you have instant luxury prices.
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New benefits include a subscriber-only hotline, the elimination of exchange fees to allow for a more personalized selection of performances and a guarantee that subscription tickets come at a minimum discount of 15% off single-sale prices for evening subscriptions and 10% off for Saturday matinees.
The RBS-Blackstone deal was done at a 30% discount to the loans' value, according to DTZ research, and the bank's March sale of troubled Spanish loans to Perella Weinberg Partners sold at a 45% discount.
The block was priced at a 2.8% discount to where the stock was trading before news of the sale was announced.
Supervalu announced the sale in January, at which time it said that after the sale it would focus on its Save-A-Lot discount stores, as well as its smaller regional chains Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.
Before a One Kings Lane sale begins, staffers work with vendors to secure goods at a price that will let the site offer a deep discount and still charge about 50% more than what it paid.
The news of Cedar stake sale sent Shin Corp shares down more than 6 percent as investors worried that Temasek may sell more Shin shares at a discount.
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