Jun 10th, 2009 - bizjournals
Commercial real estate giant CB Richard Ellis, which owns one of the largest commercial real estate brokerage firms in New Mexico, plans to raise up to $550 million in bonds and new stock and will use proceeds to pay down its sizeable debt.
CB Richard Ellis stock surged as much as 21 percent on news of the new capital.
The Los Angeles-based broker plans to offer $400 million in senior unsubordinated notes in a private placement. It will also sell $100 million in new Class A common stock to investors including hedge fund Paulson & Co.,
Related stories:
Marshall & Ilsley Plans New $400M Stock Offering
Jun 11th, 2009 - Wall Street Journal
(Includes scrapping of prior stock offering, second-quarter loan and lease loss provision forecast) Marshall & Ilsley Corp. (MI) said Thursday that it plans a $400 million common stock offering...
US Bank can repay $6.6B in TARP funds
Jun 9th, 2009 - bizjournals
U.S. Bancorp has received approval from the U.S. Treasury Department to repay all $6.6 billion in Troubled Asset Relief Funds it had received, the bank announced Tuesday. U.S...
Citi Deal Clears Way for Greater US Sway
Jun 8th, 2009 - Wall Street Journal
Citigroup Inc. said its delayed plan to convert billions of dollars of preferred shares into common stock will occur this week, clearing the way for the government to own as much as 34% of the struggling bank. The $58 billion conversion...
Banks' Telethon Is Nearly Over
Jun 2nd, 2009 - Wall Street Journal
Banks are having an easy time dialing for dollars. J.P. Morgan Chase & Co., Morgan Stanley, American Express Co. and regional bank KeyCorp said Tuesday they sold a combined $8.7 billion in common stock...
China's CIC ploughing $1.2 bln into Morgan Stanley
Jun 2nd, 2009 - Reuters
BEIJING, June 3 (Reuters) - China Investment Corp, thecountry's sovereign wealth fund, said it is buying into a $2.2billion common stock offering by Morgan Stanley (MS.
