Tag Archives: CUSIP

Business, Finance, Occupation & Industry

JPMorgan Chase Announces Redemption of Approximately $5 Billion in Aggregate Amount of Outstanding T

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By Business Wirevia The Motley Fool

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JPMorgan Chase Announces Redemption of Approximately $5 Billion in Aggregate Amount of Outstanding Trust Preferred Capital Securities

NEW YORK–(BUSINESS WIRE)– JPMorgan Chase & Co. (NYS: JPM) announced today that each of the trusts listed below will redeem all of the issued and outstanding trust preferred capital securities identified below (the “Trust Preferred Securities“) on May 8, 2013 pursuant to the optional redemption provisions provided in the documents governing such Trust Preferred Securities. In each case, the redemption price will be 100% of the liquidation amount of each Trust Preferred Security, together with accrued and unpaid distributions to the redemption date. The redemptions will be funded with available cash.

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Source: FULL ARTICLE at DailyFinance

Trust     Security     Amount     CUSIP     NYSE Ticker
Business, Finance, Occupation & Industry

Amarantus BioScience Modifies Business Structure to Support Product Development Strategy

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By Business Wirevia The Motley Fool

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Amarantus BioScience Modifies Business Structure to Support Product Development Strategy

Corporation will change name to Amarantus Bioscience Holdings, Inc.

SUNNYVALE, Calif.–(BUSINESS WIRE)– Amarantus BioScience, Inc. (OTCQB: AMBS), a biotechnology company discovering and developing treatments and diagnostics for diseases associated with neurodegeneration and apoptosis, today announced it will adopt a holding company structure with separate business units in order to more effectively develop its various assets. Reflecting the change in structure, the corporation will change its name to Amarantus Bioscience Holdings, Inc.

Initially, the Company will form two business units: Amarantus Therapeutics, centered on its patented therapeutic protein Mesencephalic Astrocyte Neurotrophic Factor (MANF), and Amarantus Diagnostics, focused on developing the LymPro Blood Test for Alzheimer’s disease and the NuroPro Blood Test for Parkinson’s disease. Currently, MANF is in preclinical testing as a potentially disease-modifying treatment for Parkinson’s disease, and the two diagnostic tests are being prepared for Phase 2 studies. The Company will also evaluate the acquisition/in-licensure of clinical-stage drug candidate to complement MANF within the Amarantus Therapeutics subsidiary, and may evaluate additional strategic significantly undervalued opportunities over time using its deep industry knowledge and connections.

“While our near-term development objectives remain the same, the new structure will allow us to allocate capital more efficiently, and form management teams specific to each business or product line,” said Gerald E. Commissiong, President and Chief Executive Officer of Amarantus BioScience. “We will also be able to create new business units to leverage other assets we already own, such as our PhenoGuard Protein Discovery platform, or that we may acquire. Additionally, we have decided not to spinoff Amarantus Diagnostics at this time, and will re-evaluate the potential spinoff of various business units as the situation with each entity unfolds.”

In conjunction with the new business structure and name change, the Company’s common stock will be given a new CUSIP code for the clearing and settlement of trades following confirmation with the various authorities. The Company will disclose the exact timing of this change in a future regulatory filing once final timing information is available.

About Amarantus BioScience

Amarantus BioScience, Inc. is a development-stage biotechnology company founded in January 2008. The Company has a focus on developing certain biologics surrounding the intellectual property and proprietary technologies it owns to treat and/or diagnose Parkinson’s disease, Traumatic …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Simcoe Mining Resources Inc. Administratively Dissolved

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By Business Wirevia The Motley Fool

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Simcoe Mining Resources Inc. Administratively Dissolved

WEST PALM BEACH, Fla.–(BUSINESS WIRE)– Simcoe Mining Resources Inc. (OTC: SMOM) has been administratively dissolved with the Delaware Secretary of State. The Company’s newly-appointed director, Michael Anthony, conducted an internal investigation of the Company’s shareholder records and discovered that certain furtive actions were taken by the Company’s former director and/or officers that have destabilized the Company and have made the market for the Company’s stock highly susceptible to manipulation. This development resulted in the decision to dissolve the corporation.

CUSIP, DTC, FINRA and OTCMarkets.com have been notified and the symbol SMOM has been deleted.

From 1984 until the present time, the Company operated in the dark as a non-reporting issuer, meaning that almost no public information existed regarding the Company’s operations. But a recent technical analysis of the Company’s shareholder records revealed the aforementioned conspiratorial actions.

“We’re deeply disappointed,” Anthony said. “But after reviewing the SEC‘s possessive opinions regarding stock manipulation schemes, we believe this is in the best interest of the Company and its shareholders.”


About Michael Anthony

Michael Anthony is a corporate strategist specializing in forensic research on public companies and reorganizing complex business entities. He is an industry advocate of transparency in the marketplace and operates under the auspices that all public companies should be required to file periodic reports with the U.S. Securities and Exchange Commission.

For Simcoe Mining Resources Inc.
Pam Lagano, 888-959-0018
plagano@laganoassociates.com

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

The article Simcoe Mining Resources Inc. Administratively Dissolved originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

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The Hartford Announces Pricing For Its Cash Tender Offers

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By Business Wirevia The Motley Fool

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The Hartford Announces Pricing For Its Cash Tender Offers

HARTFORD, Conn.–(BUSINESS WIRE)– The Hartford, together with Hartford Life, Inc. as provided below, the “Offerors”, announced today the applicable Reference Yield, Purchase Yield, Clearing Spread, Aggregate Principal Amount to be Accepted and the Full Tender Offer Consideration set forth in the table below:

 
Title of Notes  

 

CUSIP

Numbers

  

Acceptance

Priority
Level

  

Principal

Amount
Outstanding

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Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

CORRECTING and REPLACING Tower Group Announces Closing of Merger with Canopius Holdings Bermuda Limi

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CORRECTING and REPLACING Tower Group Announces Closing of Merger with Canopius Holdings Bermuda Limited and Trading of Tower Group International, Ltd. Common Shares on March 14, 2013

NEW YORK–(BUSINESS WIRE)– First graph, fifth sentence of release has been replaced and now reads: It is expected that the opening price of Tower Ltd. common shares, which will have a new CUSIP number of G8988C105, will be based on the closing price of Tower Group, Inc. on March 13, 2013, adjusted to account for the 1.1330 exchange ratio.

The corrected release reads:

TOWER GROUP ANNOUNCES CLOSING OF MERGER WITH CANOPIUS HOLDINGS BERMUDA LIMITED AND TRADING OF TOWER GROUP INTERNATIONAL, LTD. COMMON SHARES ON MARCH 14, 2013

Tower Group, Inc. (NAS: TWGP) announced the closing of its merger with Canopius Holdings Bermuda Limited (Canopius Bermuda), which will become effective later today following the close of trading on The NASDAQ Global Select Market (NASDAQ). Upon closing of the merger, Tower will become an indirect wholly-owned subsidiary of Canopius Bermuda, which will change its name effective at the closing to Tower Group International, Ltd. (Tower Ltd.). Under the terms of the merger agreement, Tower stockholders will receive 1.1330 common shares of Tower Ltd. for each outstanding share of Tower common stock held. Tower Ltd. common shares will be listed on NASDAQ under the symbol “TWGP,” which is the same trading symbol as is currently used by Tower, and are expected to begin trading at the market opening on March 14, 2013. It is expected that the opening price of Tower Ltd. common shares, which will have a new CUSIP number of G8988C105, will be based on the closing price of Tower Group, Inc. on March 13, 2013, adjusted to account for the 1.1330 exchange ratio.

Michael H. Lee, President and Chief Executive Officer, said, “After working diligently on the merger with Canopius Bermuda for more than one year, we are very pleased with the successful completion of this transformative and strategically important transaction. We expect this merger to be immediately accretive and to eventually allow us to achieve our long-term ROE target of 13 to 15%. From a strategic standpoint, we believe this merger will position Tower to build a profitable, diversified international specialty business that has the potential to create substantial long-term value for our stockholders. As a result of the merger, we will create an efficient Bermuda-domiciled holding company structure that will combine Tower’s businesses with certain of Canopius’s reinsurance …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Tower Group Announces Closing of Merger with Canopius Holdings Bermuda Limited and Trading of Tower

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Tower Group Announces Closing of Merger with Canopius Holdings Bermuda Limited and Trading of Tower Group International, Ltd. Common Shares on March 14, 2013

NEW YORK–(BUSINESS WIRE)– Tower Group, Inc. (NAS: TWGP) announced the closing of its merger with Canopius Holdings Bermuda Limited (Canopius Bermuda), which will become effective later today following the close of trading on The NASDAQ Global Select Market (NASDAQ). Upon closing of the merger, Tower will become an indirect wholly-owned subsidiary of Canopius Bermuda, which will change its name effective at the closing to Tower Group International, Ltd. (Tower Ltd.). Under the terms of the merger agreement, Tower stockholders will receive 1.1330 common shares of Tower Ltd. for each outstanding share of Tower common stock held. Tower Ltd. common shares will be listed on NASDAQ under the symbol “TWGP,” which is the same trading symbol as is currently used by Tower, and are expected to begin trading at the market opening on March 14, 2013. The opening price of Tower Ltd. common shares, which will have a new CUSIP number of G8988C105, will be reduced by 13.3% to account for the 13.3% increase in shares received by existing Tower stockholders as a result of the merger.

Michael H. Lee, President and Chief Executive Officer, said, “After working diligently on the merger with Canopius Bermuda for more than one year, we are very pleased with the successful completion of this transformative and strategically important transaction. We expect this merger to be immediately accretive and to eventually allow us to achieve our long-term ROE target of 13 to 15%. From a strategic standpoint, we believe this merger will position Tower to build a profitable, diversified international specialty business that has the potential to create substantial long-term value for our stockholders. As a result of the merger, we will create an efficient Bermuda-domiciled holding company structure that will combine Tower’s businesses with certain of Canopius’s reinsurance business and give us access to U.S., Bermuda and Lloyd’s markets. Finally, we also want to thank everyone who worked on this transaction, including the bankers and attorneys as well the staff and Board members from Canopius Group Limited and Tower Group.”

About Tower Group, Inc.

Tower Group, Inc. offers diversified property and casualty insurance products and services through its operating subsidiaries.

Our Commercial Insurance Segment offers a broad range of commercial lines property and casualty insurance products to small to mid-sized businesses distributed through a network of retail, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Titan International, Inc. Prices and Increases Size of Senior Secured Notes Offering

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Titan International, Inc. Prices and Increases Size of Senior Secured Notes Offering

QUINCY, Ill.–(BUSINESS WIRE)– Titan International, Inc. (NYS: TWI) (“Titan” or the “Company”) today announced that it priced its previously announced offering of its 7.875% Senior Secured Notes due 2017 (the “Notes”). The Notes are being offered by the initial purchasers only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S. The size of the offering was increased from the previously announced $275,000,000 aggregate principal amount to $325,000,000 aggregate principal amount. The issue price is 106.250% of the principal amount of the Notes.

The Notes will be issued under the indenture dated October 1, 2010, pursuant to which the Company issued $200,000,000 aggregate principal amount of its 7.875% Senior Secured Notes due 2017 (the “Existing Notes“). The Notes will form a single series with the Existing Notes and will vote as one class under the indenture. However, until such time as the Notes become freely transferable under the Securities Act of 1933, as amended, the Notes will have a restricted CUSIP and will not trade together with the Existing Notes.

Titan intends to use the net proceeds from the offering to repay a portion of the existing indebtedness of certain of its indirect subsidiaries under the European credit facilities assumed as part of its acquisition of Titan Europe Plc in the fourth quarter of 2012. Titan intends to use any remaining net proceeds from the offering of the Notes for general corporate purposes, which may include financing potential future acquisitions and repayment of other existing obligations.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the Notes. Any offers of the Notes will be made only by means of a private offering circular.

The Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

Safe harbor statement:

This press release includes forward-looking statements that involve risks and uncertainties, including risks as detailed in Titan International, Inc.’s periodic filings with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended December 31, 2012. The Company cautions …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Structured Asset Trust Unit Repackagings (SATURNS); Series 2006-2 Trust; Receipt of Notice of Intent

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Structured Asset Trust Unit Repackagings (SATURNS); Series 2006-2 Trust; Receipt of Notice of Intent to Exercise Warrants in Full

NEW YORK–(BUSINESS WIRE)– Structured Asset Trust Unit Repackagings (SATURNS), Cummins Engine Company Debenture Backed Series 2006-2 Trust (the “Trust”) (New York Stock Exchange Ticker Symbol “HJT”), announced today that it has received a Call Notice notifying the Trust of the intended exercise of 100% of the outstanding Warrants representing the right to acquire a combined Unit Principal Balance of $25,510,000 of Units for settlement on March 20, 2013 (the “Intended Settlement Date”). Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrants has not paid the required call price, the Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, then all outstanding Units will be called and Unitholders will receive the par value ($25.00) plus accrued interest of each Unit in an amount to be determined in accordance with the Trust Agreement.

CUSIP: 86360Y207
Symbol: HJT

U.S. Bank – Corporate Trust Services
Thais Hayum – Vice President
P: +1-312-332-7489
F: +1-312-332-7992
E: thais.hayum@usbank.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Structured Asset Trust Unit Repackagings (SATURNS); Series 2006-2 Trust; Receipt of Notice of Intent to Exercise Warrants in Full originally appeared on Fool.com.

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Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Energy Edge Technologies Corporation to Apply for Name Change to "Gourmet Wing Company"

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By Business Wirevia The Motley Fool

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Energy Edge Technologies Corporation to Apply for Name Change to “Gourmet Wing Company”

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)– Energy Edge Technologies Corp. (OTCQB: EEDG) has announced that it has begun the process to change its corporate name to Gourmet Wing Company and will simultaneously execute all steps necessary for a CUSIP and symbol change. These actions are deemed necessary by the Company to have the corporate name and ticker symbol reflect its new business endeavors. The Company will be making an application for a new stock symbol in the very near future.

James Boyd, EEDG’s CEO and President stated, “This is another step in our transitioning to a fully scalable franchise business model centered on our uniquely delicious crispy wings. It is extremely gratifying to experience the unanimous love from our customers and license alike. This couldn’t be more apparent than from our wonderfully successful opening weekend at the American Ale House, located at 335 Fairfield Rd., Fairfield, NJ, where ‘best wings I’ve ever tasted’ resonated throughout the bar.”

For more information please visit www.dryfriedwings.com.

This release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

Noble Communications
Tricia Kanbar Lowery, 407-921-7322
trish@noblecommunications.biz

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

The article Energy Edge Technologies Corporation to Apply for Name Change to “Gourmet Wing Company” originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has …read more
Source: FULL ARTICLE at DailyFinance