SGGH News Alert Signature Group Hold (SGGH) 7.4500 02/15/2015
Post# of 64074
Signature Group Holdings Announces Planned $55 Million Rights Offering
PR Newswire - Wed Jan 21, 3:15PM CST
Signature Group Holdings, Inc. ("Signature" or the "Company" (OTCQX: SGGH) announces that it intends to conduct a rights offering pursuant to which it will distribute, at no charge to the holders of Signature common stock, subscription rights to purchase up to $55 million of Signature common stock (the "Rights Offering" . Holders of Signature common stock will receive one subscription right for each share of common stock owned as of 5:00 p.m., New York City time, on January 28, 2015 (the "Record Date" . Each subscription right will entitle the holder thereof to purchase a fraction of one share of Signature common stock, which will be determined prior to the Record Date based on the ratio of the number of shares of common stock necessary to raise $55 million at the subscription price, described below, as compared to the total number of shares of Signature common stock outstanding on the Record Date. Subscription rights will attach to the common stock in respect of which they are issued and will not be separately transferable. Holders will also have oversubscription rights, pursuant to which holders may be able to purchase additional shares of common stock at the subscription price to the extent that holders do not exercise all of the subscription rights.
Franklin's December AUM Falls Sequentially, Shares Slip 2% - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 13, 4:47PM CST
Franklin Resources Inc. (BEN) reported preliminary assets under management by its subsidiaries of $880.1 billion for Dec 2014. This represented a 2.2% decline from $899.5 billion recorded in Nov 2014, but a slight improvement over $879.1 billion recorded in Dec 2013.
AMG: 215.77 (+1.21), JNS: 17.38 (+0.24), BEN: 53.91 (+0.23)
Signature Group Holdings Closes $305 Million Senior Secured Notes Offering
PR Newswire Europe - Mon Jan 12, 5:54AM CST
Signature Group Holdings, Inc. ("Signature" (OTCQX: SGGH) announces that its indirect wholly owned subsidiary, SGH Escrow Corporation, closed its previously announced private offering of 10% Senior Secured Notes due 2019 (the "Notes" .
Signature Group Holdings Announces Sale of NABCO
PR Newswire Europe - Mon Jan 12, 5:31AM CST
-- $78 Million Sale with Net Cash Proceeds of $56 Million
Kohlberg Kravis Benefits from Walgreen-Alliance Merger - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jan 02, 9:20AM CST
Kohlberg Kravis (KKR) announced the sale of its outstanding stake in Switzerland-based Alliance Boots to Walgreens Boots Alliance, Inc., the new holding company of the largest U.S. drugstore chain Walgreen & Co.
MRCC: 14.78 (+0.04), BX: 37.40 (+0.49), KKR: 24.42 (+0.06)
Signature Group Holdings Announces Pricing of Senior Secured Notes Offering
PR Newswire - Wed Dec 24, 7:00AM CST
Signature Group Holdings, Inc. ("Signature" (OTCQX: SGGH) announced today that its indirect wholly owned subsidiary, SGH Escrow Corporation, yesterday priced its private offering of 10% senior secured notes due 2019 (the "Notes" in an aggregate principal amount of $305.0 million, at an issue price to the issuer of 97.206% of the principal amount thereof, resulting in gross proceeds to the issuer of approximately $296.5 million. The yield to the issuer on the Notes was 10 7/8%. The Notes have been rated B3 and B by Moody's and S&P, respectively. Signature anticipates that the closing on the sale of the Notes will take place on or about January 8, 2015, subject to customary closing conditions.
B. Riley & Co., LLC Sole Book-Running Manager in $28.5 Million Underwritten Public Offering for Signature Group Holdings, Inc.
PR Newswire - Mon Dec 22, 3:35PM CST
Full service investment bank B. Riley & Co., LLC (B. RILEY), a wholly owned subsidiary of B. Riley Financial, Inc. (OTCBB: RILY), today announced that it has acted as sole book-running manager in an approximately $28.5 million underwritten public offering for Signature Group Holdings, Inc. (OTCBB: SGGH).
Signature Group Holdings Announces Closing of Common Stock Offering
PR Newswire - Mon Dec 22, 7:00AM CST
Signature Group Holdings, Inc. ("Signature" or the "Company" (OTCQX: SGGH) announced today the closing of its previously announced underwritten public offering of 4,384,615 shares of its common stock at $6.50 per share on December 19, 2014. Before our offering expenses, we received approximately $27.1 million in proceeds net of estimated underwriting discounts and commissions.
Signature Group Holdings Announces Pricing of Common Stock Offering
PR Newswire - Mon Dec 15, 6:20PM CST
Signature Group Holdings, Inc. ("Signature" or the "Company" (OTCQX: SGGH) announced today that it has priced its previously announced underwritten public offering of 4,384,615 shares of its common stock at $6.50 per share.
Signature Group Holdings Announces Launch of $300 Million Senior Secured Note Private Offering
PR Newswire - Mon Dec 01, 6:27AM CST
Signature Group Holdings, Inc. ("Signature" (OTCQX: SGGH) announced today that its indirect wholly owned subsidiary, SGH Escrow Corporation, plans to issue senior secured notes due 2019 (the "Notes" in an aggregate principal amount of $300.0 million in a private offering. The Notes are being offered in connection with, and we intend to use the net proceeds for, the pending acquisition (the "GRSA Acquisition" by our wholly owned subsidiary, Real Alloy Holding, Inc. ("Real Alloy" , of the equity interests of certain entities, which, together with their subsidiaries, comprise the global recycling and specification alloys business of Aleris Corporation ("GRSA" . Upon consummation of the GRSA Acquisition, SGH Escrow Corporation will be merged with and into Real Alloy, with Real Alloy as the surviving corporation and the direct parent of the GRSA entities.
Signature Group Holdings To Acquire World's Largest Independent Aluminum Recycler
PR Newswire Europe - Wed Nov 26, 3:09PM CST
* $525 Million Acquisition
Signature Group Holdings Announces Share Offering
PR Newswire - Mon Nov 17, 3:35PM CST
Signature Group Holdings, Inc. ("Signature" or the "Company" (OTCQX: SGGH) announced today that it intends to offer and sell 3,700,000 shares of its common stock in an underwritten public offering. The Company intends to provide its underwriters a 30-day option to purchase up to an additional 555,000 shares.
Ameriprise Hits New 52-Week High on Solid Q3 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Nov 12, 11:10AM CST
Shares of Ameriprise (AMP) hit a new 52-week high of $130.81 on Nov 11.
MRCC: 14.78 (+0.04), NSAM: 22.02 (+0.27), AMP: 137.81 (+0.24)
Signature Group Holdings, Inc. Reports Third Quarter 2014 Results
PR Newswire - Thu Nov 06, 3:05PM CST
Signature Group Holdings, Inc. (OTCQX: SGGH) today reported financial results for its third quarter ended September 30, 2014.
Signature Group Holdings To Hold Conference Call On The Aleris Global Recycling And Specification Alloys Acquisition
PR Newswire - Mon Oct 20, 2:02PM CDT
Signature Group Holdings, Inc. ("Signature" or the "Company" (OTCQX: SGGH) announces today details for its conference call regarding its acquisition of the Global Recycling and Specification Alloys ("GRSA" business of privately-held Aleris Corporation ("Aleris" .