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Ford to sell 300 million shares in new stock offering


SAN FRANCISCO (MarketWatch)
Ford Motor Co said late Monday it will offer 300 million common shares at a par value of 1 cent a share. As a part of the deal, the auto maker plans to grant the underwriters a 30-day option to purchase up to 45 million shares. The proceeds from the offering are expected to be used for general corporate purposes, including to fund with cash, instead of stock, a portion of the payments Ford is required to make to the Voluntary Employee Beneficiary Association retiree health care trust with the United Auto Workers. "We continue to make strong progress on our transformation plan - gaining retail market share with great new products, improving quality, reducing costs and positioning Ford for a return to profitability," said Chief Executive Alan Mulally. Citi, Goldman Sachs & Co., J.P. Morgan and Morgan Stanley are acting as joint book-running managers for the deal.

1 comentario:

El Genio dijo...

histerismo en las compañías por captar capital para evitar el intervencionismo.
hoy hablará vidal en el artículo de cierres de como va a afectar el intervecionismo en los emrcados, que acciones comprar y cuales no.

Acuéstense un poco tarde, es fundamental para no quedarse emplumados y saber en que acciones no demos entrar.