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Overheard: Banks Are Sweet on Ford
Recapitalizing America is a nice little earner. The 3% spread taken by banks underwriting Ford Motor's issue of 300 million shares at $4.75 each Tuesday added up to $42.8 million. And in these curious times, Ford's stock actually closed above the offer price Wednesday, at $4.96.
Based on that price, if the banks exercise their right to buy another 45 million shares at a discount, they would earn an additional $15.9 million.
Generose
Finché non le avranno "sistemate", si può assumere che il prezzo resterà sopra i 4,75$ ...