FlyerTalk Forums - View Single Post - So why would anybody buy 3 million shares of AC today?
Old Aug 23, 2004 | 12:25 pm
  #26  
robsawatsky
 
Join Date: Nov 2003
Location: Richmond, BC, Canada
Posts: 1,511
To summarize, for existing AC common and preferred shareholders, they will receive approximately 0.01 % of the New AC (ACE Holdings), which works out to about 11,894 existing shares for each new AC share (officially 0.000084075:1; newld). Unsecured debtors are getting between 6 - 9 cents on the dollar.
robsawatsky is offline