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Symphony investors also get a five-year warrant to purchase 4.25 million shares of Isis stock.
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Yumeshin failed to block Japan Engineering's defences of a stock split and an equity warrant issue, but the Tokyo District Court laid down reassuring criteria for their use: that they must not simply be in the board's self-interest, and that they are subject to shareholders' approval.
ECONOMIST: Suddenly, shareholders are beginning to matter
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Some accused Knabb of trying to manipulate his stock by structuring the warrant offer this way.
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Warrant coverage is typically 2-8% of the offering in the recent preferred stock security.
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Both the SEC and the exchanges use the data to determine whether a stock has high enough and persistent enough trade settlement failures to warrant including it on a list of similar securities for which special trading restrictions are supposed to kick in.
FORBES: Beating Fails
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You might want to be along for the ride, especially if you believe that the value of EK stock has fallen due to ephemeral matters like ITC-driven headlines more than the underlying realities warrant, and that the company can compete with the likes of Lexmark (NYSE: LXK).
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