Clarke begins issuer bid for C$6.05 million 6% convertibles due 2018

By Susanna Moon

Chicago, May 17 - Clarke Inc. plans to repurchase up to C$6,054,000 principal amount of its C$62,296,300 6% convertible subordinated debentures due Dec. 31, 2018 under a one-year normal-course issuer bid.

The amount represents about 10% of the public float amount as of May 14, according to a press release.

The issuer bid will run from May 22 through May 21, 2014.

Clarke may purchase daily up to 25% of the average daily trading volume, which is $11,332.

Halifax, N.S.-based Clarke is a diversified group with businesses in freight transportation, shipping, real estate and information technology.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.