Key Developments: WisdomTree Investments Inc (WETF.W)
13.41USD
17 May 2013
$0.32 (+2.44%)
$13.09
$13.30
$13.64
$13.30
25,400
12,959
$13.64
$5.71
Latest Key Developments (Source: Significant Developments)
WisdomTree Investments Inc Announces Underwriters Exercise Option To Purchase Additional Securities In Connection With Previously Announced Secondary Offering
WisdomTree Investments Inc announced that the underwriters for the public offering of 26,000,000 shares of WisdomTree common stock by certain of its existing stockholders exercised their option to purchase an additional 1,795,630 shares of its common stock. WisdomTree will not receive any proceeds from the offering, and is not issuing any new shares; therefore, its total number of shares outstanding will not change as a result of the offering. BofA Merrill Lynch, Barclays, Citigroup, Morgan Stanley and Goldman, Sachs & Co. are acting as book-running managers and Piper Jaffray and Sterne Agee are acting as co-managers for the offering. Full Article
WisdomTree Investments Inc Announces Pricing of Secondary Offering for Existing Stockholders
WisdomTree Investments Inc announced the pricing of an underwritten public offering of 26,000,000 shares by certain of its stockholders at $6.10 per share, before underwriting discounts and commissions. The underwriters have a 30-day option to purchase up to an additional 3,868,185 shares of common stock from certain of the selling stockholders. WisdomTree will not receive any proceeds from the offering, and is not issuing any new shares; therefore, its total number of shares outstanding will not change as a result of the offering. BofA Merrill Lynch, Barclays, Citigroup, Morgan Stanley and Goldman, Sachs & Co. are acting as book-running managers and Piper Jaffray and Sterne Agee are acting as co-managers for the offering. Full Article
WisdomTree Investments Inc Commences Secondary Offering For Existing Stockholders
WisdomTree Investments Inc announced a proposed public offering of 26,000,000 shares by certain stockholders. The underwriters will be granted a 30-day option by the selling stockholders to purchase up to an additional 3,868,185 shares of common stock from such selling stockholders. WisdomTree will not receive any proceeds from the offering, and is not issuing any new shares; therefore, total number of shares outstanding will not change as a result of the offering. BofA Merrill Lynch, Barclays, Citigroup, Morgan Stanley and Goldman, Sachs & Co. are acting as book-running managers and Piper Jaffray and Sterne Agee are acting as co-managers for the offering. Full Article
Research Affiliates, LLC Withdraws Patent Infringement Lawsuit Against WisdomTree Investments Inc
Research Affiliates, LLC and WisdomTree Investments, Inc. announced Research Affiliates will withdraw its patent infringement lawsuit brought in the United States District Court for the Central District of California. As part of the settlement, all claims and counterclaims will be dismissed with prejudice between Research Affiliates, WisdomTree Investments, Inc., its subsidiaries, WisdomTree Asset Management, Inc. and WisdomTree Retirements Services, Inc., the WisdomTree Trust, as well as Mellon Capital Management Corp. and ALPS Distributors, Inc. The settlement agreement resolves all matters pertaining to the lawsuit. All other terms of the settlement are confidential. Full Article
WisdomTree Investments Inc Founder And CEO Jonathan Steinberg To Be Named President
WisdomTree Investments Inc announced that its Board of Directors will appoint Jonathan Steinberg, WisdomTree's founder and Chief Executive Officer (CEO), as President, effective August 1. Mr. Steinberg will succeed Bruce Lavine who will relinquish President & Chief Operating Officer (COO) responsibilities and relocate to California for family reasons. Mr. Lavine will remain employed by WisdomTree and serve as Vice Chairman where he will continue to serve a leadership role in operations and strategy. Full Article
WisdomTree Investments Inc Announces Closing Of Public Offering
WisdomTree Investments, Inc. announced the closing of its previously announced underwritten public offering of shares of its common stock. A total of 16,516,587 shares were sold in the offering at $5.61 per share, before underwriting discounts and commissions. The Company sold 1,000,000 shares and certain selling stockholders of WisdomTree sold 15,516,587 shares, including 2,154,336 shares sold by certain selling stockholders pursuant to the full exercise of the underwriters' option to purchase additional shares. WisdomTree intends to use the net proceeds from the shares it sold for working capital and general corporate purposes. The Company will not receive any proceeds from sales by the selling stockholders. BofA Merrill Lynch and Morgan Stanley acted as joint book-running managers for the offering. Barclays Capital, Citigroup, UBS Investment Bank, Piper Jaffray, Sandler O'Neill + Partners, L.P., and Sterne Agee acted as co-managers for the offering. Full Article
WisdomTree Investments Inc Announces Pricing of Public Offering
WisdomTree Investments Inc announced that it priced its underwritten public offering of 14,362,251 shares of its common stock at $5.61 per share, before underwriting discounts and commissions. The offering includes 1,000,000 shares offered by the company and 13,362,251 shares offered by certain selling stockholders of WisdomTree. WisdomTree intends to use the net proceeds from the shares it is offering for working capital and general corporate purposes. The company will not receive any proceeds from sales by the selling stockholders. The underwriters have a 30-day option to purchase up to an additional 2,154,336 shares from certain selling stockholders at the public offering price, less underwriting discounts and commissions. BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers for the offering. Barclays Capital, Citigroup, UBS Investment Bank, Piper Jaffray, Sandler O'Neill + Partners, L.P., and Sterne Agee are acting as co-managers for the offering. Full Article
Research Affiliates Files Patent Infringement Action Against WisdomTree Investments Inc
Research Affiliates, LLC, announced that it has filed a patent infringement lawsuit against WisdomTree Investments, Inc. and its related entities in the United States District Court for the Central District of California. The lawsuit alleges that WisdomTree financial products based on fundamental factors infringe three Research Affiliates patents. In its complaint, Research Affiliates seeks an injunction requiring WisdomTree to cease using Research Affiliates` patented technology and seeks compensatory and enhanced damages for WisdomTree`s infringement. The complaint also accuses WisdomTree`s subadvisor, Mellon Capital Management Corp., and WisdomTree`s exchange-traded fund distributor, ALPS Distributors Inc., of patent infringement. The patents at issue cover unique methods and systems for index based investing: U.S. Patent No. 7,747,502 entitled "Using Accounting Data Based Indexing to Create a Portfolio of Assets; U.S. Patent No. 7,792,719 entitled "Valuation Indifferent Non-Capitalization Weighted Index and Portfolio and U.S. Patent No. 8,005,740 entitled "Using Accounting Data Based Indexing to Create a Portfolio of Financial Objects. Full Article
WisdomTree Investments Inc Files S-1 Registration Statement For Public Offering
WisdomTree Investments Inc announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed public offering of shares of its common stock by the Company and certain of its stockholders. The number of shares to be offered by the stockholders has not yet been determined but the Company intends to issue up to one million new shares. BofA Merrill Lynch and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Full Article
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