Key Developments: Greenlight Capital Re, Ltd. (GLRE.O)
23.14USD
9 Feb 2010
$0.05 (+0.22%)
$23.09
$23.39
$23.39
$22.89
81,217
103,200
$25.20
$12.18
Latest Key Developments
Greenlight Capital Re, Ltd. Files $200 Million Mixed Securities Shelf-DJ
Dow Jones reported that Greenlight Capital Re, Ltd. filed with the Securities and Exchange Commission to sell up to $200 million in mixed securities from time to time. The mixed securities include Class A ordinary shares, preferred shares, depositary shares, debt securities, warrants, and share purchase contracts. The Company said it will use net proceeds for working capital, capital expenditure, acquisitions and other general corporate purposes. The Company may temporarily use the proceeds to make short-term investments or reduce short-term borrowings.
Greenlight Capital Re, Ltd. Issues Q3 2008 EPS Guidance
Greenlight Capital Re, Ltd. announced that for the third quarter of 2008, it expect a net loss per share (EPS) in the range of $3.30-$3.45.
Greenlight Capital Re, Ltd. Acquires Stake In Nyrstar SA/NV-Tijd
Tijd reported that Greenlight Capital Re, Ltd. has acquired a stake of 5% in zinc producer Nyrstar SA/NV. Further details have not been released.
Greenlight Capital Re, Ltd. Announces Closing of Initial Public Offering
Greenlight Capital Re, Ltd. announced that it has completed its initial public offering of 11,787,500 Class A Ordinary Shares including 1,537,500 Class A Ordinary Shares sold pursuant to the underwriters' exercise of their over-allotment option. The shares are trading on the NASDAQ under the symbol 'GLRE', and were sold at an initial public offering price of $19.00 per share.
Greenlight Capital Re, Ltd. Prices Initial Public Offering
Greenlight Capital Re, Ltd. announced that its Initial Public Offering of 10,250,000 Class A ordinary shares priced at $19.00 per share. Substantially all of the net proceeds of the initial public offering will be used to increase the underwriting capacity of the Company's reinsurance operations. Greenlight Re, Ltd. also granted the underwriters an option to purchase up to an additional 1,537,500 Class A ordinary shares at the initial public offering price to cover allotments. The Company's Class A ordinary shares will begin trading on the NASDAQ under the symbol GLRE. The offering is expected to close on or about May 30, 2007.
Insurers face pricing quandary
* Analysts say returns will suffer if prices not raised
Earnings vs. 
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