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Amrep Corp Commences Rights Offering


Friday, 31 May 2013 09:00am EDT 

Amrep Corp announced its commencement of a rights offering, which is being extended to all holders of record of the Company's common stock at the close of business on May 31, 2013. The Rights Offering will be carried out through the distribution of non-transferable subscription rights to subscribe for and purchase shares of Common Stock, as described in the Company's Prospectus, dated May 31, 2013. Record holders of Common Stock as of the Record Date will receive one Right for every share of Common Stock owned of record as of the close of business on the Record Date. Each Right allows a Record Holder to subscribe for 0.200 of a share of Common Stock at the cash price of $6.25 per whole share. 

Company Quote

5.01
0.0 +0.00%
19 Sep 2014