Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
New York Community Bancorp holders tender 25.3% of Bonuses units
By Angela McDaniels
Tacoma, Wash., Aug. 26 - New York Community Bancorp, Inc. said it received tenders for $69,653,150 principal amount, or 25.3%, of its $275 million of 6% Bifurcated Option Note Unit Securities due 2051.
Holders will receive 3.4144 shares of common stock in exchange for each tendered unit. The settlement date is expected to be Aug. 28, according to a company news release.
The exchange ratio was set by adding 2.4953 shares and 0.9191 common shares. The latter number was determined by dividing $10.00 by $10.88, the average of the daily volume-weighted average price of the company's common stock during the five consecutive trading days that ended Aug. 21.
The exchange offer began on July 29 and expired at 11:59 p.m. ET on Aug. 25.
The information agent was Mellon Investor Services LLC (800 777-3674).
New York Community Bancorp is the bank holding company for New York Community Bank and New York Commercial Bank. It is based in Westbury, N.Y.
© 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.