The company said it was borrowing $3 billion for a recapitalization plan that would give $60 a share to each stockholder.
You refer to the recapitalization plan as an "appropriation," which it is not.
The recapitalization plan was approved by court n 2007.
Service Merchandise said the recapitalization plan was not a response to any proposal for the acquisition or sale of the company.
The rating agency said it would review the debt again when the recapitalization plan is announced.
Rockefeller Group is considering recapitalization plans, including a restructuring, to raise between $750 million and $1 billion.
The statement gave no value for the recapitalization plan.
In the months leading up to 2001, the Pritzkers tried to work out a recapitalization plan.
For its part, American Standard has proposed a recapitalization plan.
The company's announcement did not indicate how much the cash portion of the recapitalization plan would be raised to.
Wörterbuch für Finanzen