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-0.0014612761811983 -0.0014612761811983 0.00633219678519235 0.00633219678519235 -0.00438382854359473 -0.00584510472479303 -0.00340964442279592 -0.00876765708718946
Stock impact report

Tejon Ranch Company Announces Commencement of Rights Offering to Stockholders

Tejon Ranch Co (TRC) 
US:NYSE Investor Relations: ir.tejonranch.com
Company Research Source: Business Wire
TEJON RANCH, Calif.--(BUSINESS WIRE)-- Tejon Ranch Co. (NYSE:TRC) (“Tejon”) announced today that it has commenced the previously announced rights offering to raise gross proceeds of up to approximately $75 million. Under the terms of the rights offering, Tejon has distributed, at no charge, to the holders of its common stock as of 5:00 p.m., New York time, on October 4, 2017, one transferable subscription right for each share of Tejon common stock then owned. Each subscription right entitles the holder to purchase 0.20 shares of common stock using a purchase price of $18.00 per whole share. The rights offering also includes an over-subscription privilege, which entitles a stockholder who exercises all of its basic subscription privilege in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata all Show less Read more
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