Sunset Financial Resources Closes Alesco Merger and Self Tender Offer
06 Ottobre 2006 - 11:21PM
PR Newswire (US)
JACKSONVILLE, Fla., Oct. 6 /PRNewswire-FirstCall/ -- Sunset
Financial Resources, Inc. (NYSE:SFO) announced that it closed its
merger with Alesco Financial Trust today, following the approval of
the merger by Sunset's stockholders. Sunset also announced the
preliminary results of its tender offer for 2,652,553 shares at a
price of $8.03 per share, which had been extended to expire at 3:15
pm today, prior to the closing of the merger. Based on the
preliminary count by the depositary for the tender offer,
approximately 140,250 shares were tendered, and no shares were
tendered by notice of guaranteed delivery. Sunset has approximately
10,513,100 shares outstanding and the shares tendered represent
approximately 1.4% of the outstanding shares. Based on the
preliminary count, Sunset expects to acquire all shares validly
tendered in the offer. The results of the tender offer are
preliminary. Final results will be determined subject to
confirmation by the depositary of the proper delivery of the shares
validly tendered. The actual results of the offer will be announced
following the completion of the confirmation process. Payment for
the shares accepted for payment will occur promptly thereafter.
Sunset has changed its name to Alesco Financial Inc. and will trade
on the NYSE under the ticker symbol AFN beginning on Monday,
October 9, 2006. 10245 Centurion Parkway North Suite 305
Jacksonville, Florida 32256 Office (904) 425-4575 Fax (904)
425-4755 Company Contact: John J. Longino Chief Financial Officer
215-701-9687 Investors: KCSA Worldwide Jeffrey Goldberger
212.896.1249 DATASOURCE: Sunset Financial Resources, Inc. CONTACT:
John J. Longino, Chief Financial Officer of Sunset Financial
Resources, Inc., +1-215-701-9687, , or Investors, Jeffrey
Goldberger of KCSA Worldwide, +1-212-896-1249,
Copyright
Grafico Azioni Sunset Financial (NYSE:SFO)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Sunset Financial (NYSE:SFO)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Merrill Lynch (Borsa di New York (NYSE)): 0 articoli recenti
Più Sunset Finl Res Articoli Notizie