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56Chevy

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56Chevy

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Re: None

Tuesday, 10/09/2012 3:38:04 PM

Tuesday, October 09, 2012 3:38:04 PM

Post# of 104
Iridium Announces Planned Exchange Offer for $7.00 Warrants

Date : 09/28/2012 @ 8:05AM
Source : GlobeNewswire Inc.
Stock : Iridium Communications - Warrants 02/14/2013 (MM) (IRDMW)
Quote : $1.25 0.02 (1.63%) @ 3:12PM

Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today announced its intention to conduct an offer to exchange its outstanding $7.00 warrants for Iridium common stock. The Company plans to offer holders of its $7.00 warrants one share of common stock for every six warrants tendered (equivalent to approximately 0.1667 shares for every warrant tendered). Iridium expects to commence the exchange offer as early as October 1, 2012.

[....]

http://ih.advfn.com/p.php?pid=nmona&article=54338874

* I do not own IRDM. Tracking purposes on warrants only.



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