Kaiser Group

Submitted by George on Mon, 2007-12-17 17:39.
Company Name:
Kaiser Group
Symbol:
KGHI.PK
Updated:
Mon, 2007-12-17 21:00
Method:
Reverse Stock Split
Tender Limit:
Less than 100
Tender Price:
29.80
Current Price:
27.50
Percent Gain:
4
Broker Held Shares:
OK
Vote Date:
Wed, 2008-01-09 17:00
Phase:
Completed
SEC Filings:
Notes:

Offer extended again until January 9, 2008.

The new tender terms are less than 100 shares that held those shares on or before the close of business on October 22, 2007. The new tender price is $29.80.

"The Company intends for the Reverse Split to treat stockholders holding Common Stock in street name through a nominee, such as a bank or broker, in the same manner as stockholders whose shares are registered in their names.  Nominees will be instructed to effect the Reverse Split for their beneficial holders.  Accordingly, the Company also refers to those street name holders who receive a cash payment instead of fractional shares as Cashed Out Stockholders.  However, nominees may have different procedures, and stockholders holding shares in street name should contact their nominees." - 5/1/2007

Price closed at 26.50 on 5/1/2007.

See the forum post for initial discussion.