Key Developments: Sotheby'S (BID.N)
44.91USD
3:18pm EDT
$0.28 (+0.63%)
$44.63
$44.48
$45.02
$44.14
137,779
296,093
$45.96
$27.64
Latest Key Developments (Source: Significant Developments)
Sotheby's Increases Quarterly Dividend
Sotheby's announced that it has declared an accelerated first and second quarter of 2013 cash dividend totaling $0.20 per share of outstanding common stock. This $0.10 per share per quarter dividend reflects a 25% increase from the previous quarterly dividend of $0.08 per share. This accelerated dividend is intended by the Board to be in lieu of quarterly dividends Sotheby's would have otherwise announced in the first and second quarters of 2013, and that would have been paid in calendar year 2013. This accelerated dividend will be payable on, or before, December 31, 2012 to holders of record as of December 26, 2012. Full Article
Sotheby's Declares Fourth Quarter 2012 Dividend
Sotheby's announced that it has declared a quarterly dividend of $0.08 for the fourth quarter of 2012. The fourth quarter dividend is payable on December 17, 2012 to shareholders of record as of December 3, 2012. Full Article
Sotheby's Prices $300 Million of Senior Notes Due 2022
Sotheby's announced the pricing of $300 million of its senior unsecured notes due 2022 through an offering to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and to non-U.S. persons under Regulation S under the Securities Act. The closing of the offering is expected to occur on or about September 27, 2012. The notes will be sold to investors at a price of 100% of the principal amount thereof, plus accrued interest from September 27, 2012. The notes will pay interest semiannually at a rate of 5.25% per annum and will mature on October 1, 2022. Sotheby's expects to use the net proceeds from this offering to redeem all of its outstanding 7.75% Senior Notes due 2015 at the make-whole premium specified in the indenture governing those notes and for general corporate purposes, including the potential repayment of other existing indebtedness. Full Article
Sotheby's Proposes Offering of $300 Million of Senior Notes Due 2022
Sotheby's announced that it is proposing to offer and sell, subject to market and other conditions, up to $300 million in aggregate principal amount of its senior notes due 2022. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S. Persons under Regulation S under the Securities Act of 1933, as amended (the Securities Act). The net proceeds of the proposed offering would be used to redeem any and all of our outstanding 7.75% Senior Notes due 2015 at the make-whole price specified in the indenture governing those notes and for general corporate purposes, including the potential repayment of other existing indebtedness. Full Article
Sotheby's Declares Third Quarter 2012 Dividend
Sotheby's announced that its Board of Directors has declared a quarterly dividend of $0.08 for the third quarter of 2012. The third quarter dividend is payable on September 17, 2012 to shareholders of record as of September 4, 2012. Full Article
Sotheby's Declares Second Quarter 2012 Dividend
Sotheby's announced that its Board of Directors has declared a quarterly dividend of $0.08 for the second quarter of 2012. The second quarter dividend is payable on June 15, 2012 to shareholders of record as of June 1, 2012. Full Article
Sotheby's Declares First Quarter 2012 Dividend
Sotheby's announced that it has declared a quarterly dividend of $0.08 for the first quarter of 2012. The first quarter dividend is payable on March 15, 2012 to shareholders of record as of March 9, 2012. Full Article
Sotheby's Increases Quarterly Dividend
Sotheby's announced that the Board of Directors has declared a quarterly dividend of $0.08 for the fourth quarter of 2011, an increase of 60% from the previous $0.05 a share dividend. The fourth quarter dividend is payable on December 15, 2011 to shareholders of record as of December 1, 2011. This reflects an increase in the indicated annual dividend rate from $0.20 a share up to $0.32 a share. Full Article
Manuscript of Beckett's first novel sells for nearly $1.5 million
LONDON - A manuscript of Irish author Samuel Beckett's first novel, "Murphy", sold at auction in London on Wednesday for nearly one million pounds ($1.5 million), meeting pre-auction estimates, according to auction house Sotheby's.

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