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By Bloomberg Business News | June 14, 1992
WASHINGTON -- Schult Homes Corp. of Middlebury, Ind., filed with the Securities and Exchange Commission to sell about $20 million of common shares to the public.The company, the nation's oldest producer of factory-built homes, filed to sell 1.45 million common shares.Schult Homes will use the proceeds to expand its production and sale of modular homes and possibly to develop a consumer financing capability, the company said.
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BUSINESS
By Eileen Ambrose, The Baltimore Sun | October 1, 2013
Municipal Mortgage & Equity, better known as MuniMae, said it has reached a settlement with federal securities regulators that will allow the Baltimore company's suspended stock to trade once more. In a conference call Tuesday, CEO Michael Falcone apologized for the disruption to shareholders, but added that the company was pleased with the settlement. The Securities and Exchange Commission last month temporarily suspended trading in MuniMae, which trades over the counter under the symbol MMAB, because of late or missing filings between 2006 and 2010.
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BUSINESS
By Bloomberg Business News | September 15, 1993
Mercantile Bankshares Corp. said yesterday that its board of directors approved a three-for-two split of its common shares and a dividend increase that raises the company's payout 13 percent.The company will pay a 17 cent quarterly dividend on the new larger number of shares outstanding, compared with a 15-cent dividend on a post-split basis, on Sept. 30 to shareholders of record Sept. 24.The company was paying a quarterly dividend of 22.5 cents on its pre-split shares.Mercantile's common shares closed up 12.5 cents a share, at $30.75, in Nasdaq trading.
BUSINESS
April 1, 2009
Fixture maker moves to Columbia St. Louis-based idX Baltimore, a manufacturer of fixtures for stores and custom millwork products, signed a lease for 434,490 square feet in Columbia Gateway Commerce Center in Columbia, commercial real estate firm CB Richard Ellis said Tuesday. The manufacturer will be moving from two separate buildings in Odenton to 8901 Snowden River Parkway. Sears had most recently occupied the building that idX is leasing. The building's landlord, real estate investment manager RREEF, bought the industrial building and two others in the park for $125 million in 2007.
BUSINESS
September 13, 1999
Below are insider transactions for publicly held companies based in Maryland or having substantial operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.Legg Mason Inc.Harold L. Adams, director, exercised an option for 3,332 shares of common stock at $4.54 each July 6 and now directly holds 13,858 common shares.James E. Ukrop, director, exercised an option for 3,332 shares of common stock for $4.54 each July 8 and now directly holds 13,858 common shares.
BUSINESS
September 26, 1995
Dutch group raises its stake in Rouse Co.A Dutch pensioners group raised its stake in Rouse Co. to 5.5 percent of the company's outstanding common shares.Algemeen Burgerlijk Pensioenfonds, which invests on behalf of the Dutch public sector pensioners, purchased 430,000 common shares for a total of $9.58 million between Sept. 7 and Sept. 15, according to a Schedule 13D filed yesterday with the Securities and Exchange Commission.The group now holds 2.62 million shares in the Columbia-based development company.
BUSINESS
By Patricia Meisol and Patricia Meisol,Sun Staff Writer | July 12, 1994
Kirschner Medical Corp., a Timonium-based maker of reconstructive joints and surgical supplies, picked a suitor yesterday, ending two months of on-again, off-again courtship by Midwestern companies.The winner is Biomet Inc., which early yesterday increased its offer to merge Kirschner with one of its wholly owned subsidiaries after a competitor reentered the battle.Facing a new deadline from its original suitor, Kirschner's directors voted yesterday to accept the offer of $35.2 million in stock from Biomet, a Warsaw, Ind., maker of orthopedic medical products.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | August 10, 1999
Comcast Corp. unveiled a plan yesterday that would double its stake in another cable television company, Jones Intercable Inc. Philadelphia-based Comcast, which has emerged as the dominant cable firm in Baltimore and through much of the mid-Atlantic region, is offering $840 million in its stock for 16.5 million Jones shares.If Jones' shareholders accept the offer, Comcast's ownership stake in Jones would rise from 39 percent to 79 percent.Comcast is offering the equivalent of $50.31 a share -- a premium of 12.7 percent over the common shares' Friday close and a 9.1 percent premium for the Class A shares.
BUSINESS
By BLOOMBERG NEWS | May 23, 2000
DETROIT - General Motors Corp. stock fell 11 percent yesterday after the largest automaker accepted only 25 percent of shares investors sought to swap for those of its Hughes Electronics Corp. subsidiary. The exchange left arbitrageurs with too many GM common shares and too few of its Class H, which tracks the performance of Hughes. Some investors had loaded up on GM shares, which have traded at an average 24 percent discount to Hughes since the offer was announced Feb. 1, with a notion to swap the automaker's shares for those of the electronics company.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | October 1, 2013
Municipal Mortgage & Equity, better known as MuniMae, said it has reached a settlement with federal securities regulators that will allow the Baltimore company's suspended stock to trade once more. In a conference call Tuesday, CEO Michael Falcone apologized for the disruption to shareholders, but added that the company was pleased with the settlement. The Securities and Exchange Commission last month temporarily suspended trading in MuniMae, which trades over the counter under the symbol MMAB, because of late or missing filings between 2006 and 2010.
BUSINESS
By William Branigin, Michael D. Shear and Zachary Goldfarb and William Branigin, Michael D. Shear and Zachary Goldfarb,The Washington Post | February 26, 2009
WASHINGTON -The Treasury Department issued a blueprint yesterday for administering "stress tests" for large banks to assess their ability to withstand a more severe economic downturn and said it was giving them immediate access to additional money from the government's $700 billion financial rescue program. At the White House, President Barack Obama later called for stronger regulation of the financial sector, unveiling principles that will guide development of new rules for banks during the next four weeks.
NEWS
By Mark Guidera and Mark Guidera,SUN STAFF | July 29, 2000
Corvis Corp., the fiber-optics equipment company based in Columbia, stormed Wall Street yesterday, raising $1.1 billion in its initial public offering, shattering all records set for IPOs of Maryland companies and setting a Wall Street record for a new venture without a dollar in revenue. The 31 million shares in the company sold in the offering, which institutional investors got for $36 each, soared in their first day of trading, rising 135 percent to close at $84.7188, up $48.7188. Earlier yesterday, Corvis' shares traded as high as $98. Alex Benik, a fiber-optics industry analyst for the Yankee Group, a Boston consulting company, said the roar from Wall Street yesterday was no surprise.
BUSINESS
By BLOOMBERG NEWS | May 23, 2000
DETROIT - General Motors Corp. stock fell 11 percent yesterday after the largest automaker accepted only 25 percent of shares investors sought to swap for those of its Hughes Electronics Corp. subsidiary. The exchange left arbitrageurs with too many GM common shares and too few of its Class H, which tracks the performance of Hughes. Some investors had loaded up on GM shares, which have traded at an average 24 percent discount to Hughes since the offer was announced Feb. 1, with a notion to swap the automaker's shares for those of the electronics company.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | May 23, 2000
Afternoon rebounds in both blue chips and technology stocks pared big losses yesterday as bargain-hunting seemed to diminish investor fear that rising interest rates will crimp corporate profits. The Dow Jones industrial average fell 84.30 points, or 0.79 percent, to end the day at 10,542.55. The blue-chip index had been down more than 257 points before the rally took wing about 2 p.m. The Nasdaq composite index was down by nearly 218 points, or 6.4 percent, before the turnabout in trading left it with a loss of 26.19 points, or 0.77 percent.
BUSINESS
September 13, 1999
Below are insider transactions for publicly held companies based in Maryland or having substantial operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.Legg Mason Inc.Harold L. Adams, director, exercised an option for 3,332 shares of common stock at $4.54 each July 6 and now directly holds 13,858 common shares.James E. Ukrop, director, exercised an option for 3,332 shares of common stock for $4.54 each July 8 and now directly holds 13,858 common shares.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 27, 1999
Frederick Brewing Co., which hasn't posted a profit since going public in 1996, said yesterday that it has closed a deal that gives control of the company to a Cleveland-based brewery.Privately held Snyder International Brewing Group LLC purchased 4.4 million newly issued common shares for $2 million in cash, giving it 51 percent of the company's voting stock. The price is equivalent to about 45 cents a share -- 74 percent less than Wednesday's closing price of $1.75. Shares closed yesterday at $1.375, down 37.5 cents, in over-the-counter trading.
BUSINESS
April 1, 2009
Fixture maker moves to Columbia St. Louis-based idX Baltimore, a manufacturer of fixtures for stores and custom millwork products, signed a lease for 434,490 square feet in Columbia Gateway Commerce Center in Columbia, commercial real estate firm CB Richard Ellis said Tuesday. The manufacturer will be moving from two separate buildings in Odenton to 8901 Snowden River Parkway. Sears had most recently occupied the building that idX is leasing. The building's landlord, real estate investment manager RREEF, bought the industrial building and two others in the park for $125 million in 2007.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | August 10, 1999
Comcast Corp. unveiled a plan yesterday that would double its stake in another cable television company, Jones Intercable Inc. Philadelphia-based Comcast, which has emerged as the dominant cable firm in Baltimore and through much of the mid-Atlantic region, is offering $840 million in its stock for 16.5 million Jones shares.If Jones' shareholders accept the offer, Comcast's ownership stake in Jones would rise from 39 percent to 79 percent.Comcast is offering the equivalent of $50.31 a share -- a premium of 12.7 percent over the common shares' Friday close and a 9.1 percent premium for the Class A shares.
BUSINESS
By BLOOMBERG NEWS | March 19, 1999
NEW YORK -- Cendant Corp. settled a class action suit with investors yesterday who said the franchiser of hotels, real estate and car rentals offered securities under a misleading prospectus that contained accounting irregularities.Holders of Preferred Redeemable Increased Dividend Equity Securities, or Prides, will receive rights to buy new Prides each valued at $17.57 more than their current Prides, Cendant said.The new Prides will convert into Cendant common shares at a specified price in 2001.
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