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ARMOUR Residential REIT, Inc. Message Board

  • nkbae44 nkbae44 Aug 3, 2012 9:26 AM Flag

    keeping under 7.50 until nov warrants expire?

    As a condition of the transaction, Enterprise’s warrant holders will be asked to amend the strike price of their warrants to (i) increase the exercise price of Enterprise’s warrants from $7.50 per share to $11.00 per share and (ii) extend the expiration date of the warrants by one year to November 7, 2012.

    Taken from the merger agreement in 2009,it states "holders will be asked" could they be keeping the price under 7.50 until warrants expire? It doesn't say warrant holders will be "required", I don't know sheet does anyone else with more knowledge have any input.

18.07+0.40(+2.26%)Feb 12 4:00 PMEST