As the Staples merger process comes to an end, we look forward to re-energizing our business. We remain committed to delivering our 2016 Critical Priorities and realizing the remaining synergies and efficiencies that come from the integration of Office Depot and OfficeMax. Once the Staples merger agreement is formally terminated, we plan to host an investor conference call on May 16 to discuss next steps in our go-forward strategy.”
"We are extremely disappointed that the FTC's request for preliminary injunction was granted despite the fact that it failed to define the relevant market correctly, and fell woefully short of proving its case," said Staples Chairman and CEO Ron Sargent in a statement. Staples said it will pay Office Depot a $250 million breakup fee
Started Feb.07,2012 with net assets of $832M, the shares were issued at $50 which comes to
832m/$50=16.65m shares at that time.
oil is down (110-28)=82$ that is 82/110=75% so the fund lost75%x3=225%
To keep the $ value of the fund at $832m, they did a reverse split, sold more shares to cover
for Adm. cost and decline in oil price.
Where do they come from??????
this ETN started in 2012 with assets $800,000000 At $50/share. the volume was less than 5000 shares per day .there was 10:1 reverse split that should reduce the #of shares.
you can check the price history on Yahoo you will see what I mean.
do they rebalance the fund and issue more shares?????