KBW $2.00 special dividend awarded to holders of stock on Dec 17th...plus the 17.50 buyout price
29-Nov-12 11:30 ET
KBW declares special dividend of $2.00 per share (17.59 +0.33)
Co announced that its Board of Directors had declared a special dividend of two dollars ($2.00) per share on the company's common stock. The dividend is payable on December 17, 2012 to shareholders of record at the close of business on December 10, 2012.
... "KBW $2.00 special dividend awarded to holders of stock on Dec 17th...PLUS the 17.50 buyout price."
That AIN'T so; today's Bloomberg news release states that:
"KBW’s merger agreement with Stifel, announced earlier this month, stipulates that the cash portion of the takeover payment will be REDUCED to reflect the special dividend." $17.50 is all shareholders are gonna get.