Teco's new 9.5% preferred is mandatorily convertible into common stock on Jan. 15, 2005.
The big hurdle once the strategic choices are made is turning common sense into common practice.
Other defensive measures, such as converting non-voting shares into common stock, and paying a special dividend, also look reassuringly shareholder-friendly.
Earlier this year, there were 3.25 million shares outstanding and 1.4 million preferred shares convertible into common stock on a one-for-one basis.
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Preferred shareholders should be able to exchange their paper for similar securities in these new entities, with warrants attached for conversion into common shares.
From the sidelines, many voices say that the answer to all of this is to launch a eurobond that would essentially turn national debts into common European debt.
But common descent does not translate into common cause.
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Typically convertible preferred is attractive from a corporate standpoint because it tends to carry very low interest rates (in exchange for having equity-like upside from the option to convert into common stock).
Most convertible securities allow the buyer to convert into common stock at a fixed conversion price set at a modest premium to wherever the common is trading at the time the convertible security is issued.
Data science can create value by getting tools such as R and Hadoop into common parlance, making coding something that subject matter experts desire to learn in order to communicate effectively with data scientist colleagues.
Technologies are joining brainpower and sometimes muscle from around the world into a common labor pool.
They still hope to draw the British into a common European defence policy, even under a Conservative government.
Give British law precedence over European regulations and repeal the act incorporating the UK into the Common Market.
Warren walked into the common room and saw me sitting on the sofa.
They can turn integration into a common good that nobody wants to provide.
Encouraged by K.K., given tea and cakes, Husna forgot herself, falling into the common, rich Punjabi of the inner city.
In these deals, Hicks would get securities that were convertible into discounted common shares of the companies in which he invested.
For one thing, even the crisis in Georgia has not been enough to shock the EU into a common position on Russia.
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Worse still, the federal government, by paying ever-bigger sums into the common pool, is increasingly able to boss about the states as it pleases.
But police are investigating allegations that Maddison, and others, were tricked into going to Porton with assurances that they were doing research into the common cold.
In exchange for the lower rate, they grant the holder of the bond the right to convert the bond into the common stock of the company.
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In these deals, Ribotsky invested cash in thinly traded public companies, in return for securities convertible into discounted common shares, often causing the stock price to tumble.
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Handicap software converts all scores into a common index.
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As a practical matter the proposed net neutrality rules would largely turn today's broadband providers, whether their services are delivered over wireline, fiber, cable, satellite or wireless platforms, into traditional common carriers.
The Phone Port adapter plugs into a common electrical wall socket and then connects to any device on your phone line: a plain old phone, a fax machine or even a Caller ID box.
The curtainless windows were rectangles of electric-blue sky that turned to gray and then normal daylight as the patients rose and slowly, in their thin striped cotton robes, began wandering down the corridor that led into the common room.
These notions were eventually dispelled by none other than Benjamin Franklin, the noted polymath, scientist and Founding Father of the United States, who conducted studies into the common cold and concluded that it was transmitted through the air between individuals.
Even though it may be plugged into any common 110-volt electrical outlet for a slow charge, high-speed electric vehicle charging stations have only sprung up in major population centers or along busy highway corridors, meaning a lack of foresight before heading down a less-traveled road may initiate a tow truck encounter.
That poses a dilemma for Mr Geithner: he will not let the giants fail, yet he is determined to avoid nationalising them. (Indeed, the plan was apparently rushed out, perhaps before it was ready, in part to put such talk to rest.) He envisages a new round of capital injections, with the government taking preferred shares convertible into the common variety, as needed, to bolster banks' cushions against losses.
You may not realize it but everything in business can be translated into its lowest common denominator of money.
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