Not exact matches
From this point forward, more and more
states may reason that ACT is likelier to have its tests ready to go come spring 2015
at a
price that is
certain and without all of the potential problems inherent in a multi-state procurement - practice - policy initiative.
First, in light of the illiquid
state of the market in November 2008 (an illiquidity that likely would have been exacerbated by AIG's failure), it is far from
certain that the underlying CDOs could have easily been liquidated, even
at the discounted
price of $ 4.3 billion.
As mentioned above, almost all preferreds may be called
at a
certain price (usually par /
stated value) after a
certain date.
The Preferred Stock has an initial
stated value of $ 1,080 and is convertible into shares of the Company's Common Stock
at a conversion
price equal to the lesser of (a) $ 1.22, subject to
certain adjustments, and (b) 87.5 % of the lowest volume weighted average
price of the Company's Common Stock during the ten trading days ending on, and including, the date of the notice of conversion.
In a highly controversial decision that led to backlash by
certain states, the Supreme Court lifted the per se veil from these controversial vertical agreements and declared that,
at least as far as federal antitrust law is concerned, courts should analyze resale
price maintenance under the rule of reason.