Market Overview

Genie Energy Announces Expiration of Exchange Offer

Genie Energy (NYSE: GNE) announced the expiration of its
previously disclosed exchange offer of shares of its Class B Common
Stock for shares of Series 2012-A Preferred Stock on a one-for-one basis.

The exchange offer expired, as scheduled, at 5:00 p.m., EDT, on
Wednesday, October 10, 2012. All shares that were validly tendered and
not properly withdrawn have been accepted by Genie for exchange.

American Stock Transfer & Trust Company LLC, the exchange agent for the
offer, has advised Genie that, based on the preliminary results of the
exchange offer, 1,607,754 shares of Class B Common Stock were tendered
and not withdrawn (including 74,559 shares tendered using the procedures
for guaranteed delivery), representing

See full press release

Posted-In: News Guidance Management Global

 

Related Articles (GNE)

Around the Web, We're Loving...

Get Benzinga's Newsletters