Tejon Ranch Company Announces Terms for 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 set the terms for a rights offering approved by its Board of Directors. Under the terms of the rights offering, Tejon will distribute, 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 will entitle the holder to purchase 0.199693 shares of common stock using a purchase price of $18.00 per whole share. Assuming the rights offering is fully subscribed, Tejon currently expects the gross proceeds of the offering to be approximately $75 million. 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 comm
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TRC
Earnings
- 11/7/23 - Beat
TRC
Sec Filings
- 4/18/24 - Form PX14A6G
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form ARS
- TRC's page on the SEC website