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Yes. According to the prospectus[1] 4,165,972 shares new shares are being issues raising the outstanding Class A shares to 97,732,877. This is part of the reas
by swr 13y ago
Yes. According to the prospectus[1] 4,165,972 shares new shares are being issues raising the outstanding Class A shares to 97,732,877.
This is part of the reason there was a bit of a sell off after the announcement.
[1] http://www.sec.gov/Archives/edgar/data/1271024/000104746913008826/a2216551zs-3asr.htm#ca46401_prospectus_summary http://www.sec.gov/Archives/edgar/data/1271024/0001047469130...
- xxpor 13y agoMathematically, their price should go down exactly (due to this announcement) (1 - Old # of outstanding shares / New # of outstanding shares)%