24/7 Wall St.
09-26-2008, 04:50 PM
24/7 Wall St. Daily News
http://www.247wallst.com/images/2008/09/26/money_stack_pic.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/09/26/money_stack_pic.jpg) Fortress Investment Group, LLC (NYSE: FIG) has just filed (http://www.sec.gov/Archives/edgar/data/1380393/000095012308011479/y00187sv3.htm) a shelf registration to offer up to $1 Billion in mixed securities. It lists Class A shares, Preferred shares, Depository shares, Warrants, Subscription rights, Purchase contracts, and Purchase units as the combination of securities it can sell. Fortress listed the use of proceeds for working capital and other general corporate purposes, which may include the possible repayment or refinancing of outstanding indebtedness. No underwriters were named. Fortress is down over 16% today at $11.25, and its 52-week trading range is $8.38 to $24.73. Its current market cap is also only list as $1.06 Billion.
Jon C. Ogg
September 26, 2008
http://feeds.feedburner.com/~f/typepad/RyNm?i=KVCNL</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=KVCNL) http://feeds.feedburner.com/~f/typepad/RyNm?i=cwhAL</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=cwhAL) http://feeds.feedburner.com/~f/typepad/RyNm?i=6fS5l</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6fS5l)
complete story here... (http://www.247wallst.com/2008/09/fortress-files.html)
http://www.247wallst.com/images/2008/09/26/money_stack_pic.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/09/26/money_stack_pic.jpg) Fortress Investment Group, LLC (NYSE: FIG) has just filed (http://www.sec.gov/Archives/edgar/data/1380393/000095012308011479/y00187sv3.htm) a shelf registration to offer up to $1 Billion in mixed securities. It lists Class A shares, Preferred shares, Depository shares, Warrants, Subscription rights, Purchase contracts, and Purchase units as the combination of securities it can sell. Fortress listed the use of proceeds for working capital and other general corporate purposes, which may include the possible repayment or refinancing of outstanding indebtedness. No underwriters were named. Fortress is down over 16% today at $11.25, and its 52-week trading range is $8.38 to $24.73. Its current market cap is also only list as $1.06 Billion.
Jon C. Ogg
September 26, 2008
http://feeds.feedburner.com/~f/typepad/RyNm?i=KVCNL</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=KVCNL) http://feeds.feedburner.com/~f/typepad/RyNm?i=cwhAL</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=cwhAL) http://feeds.feedburner.com/~f/typepad/RyNm?i=6fS5l</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6fS5l)
complete story here... (http://www.247wallst.com/2008/09/fortress-files.html)