Seeking Alpha

Ruth's Hospitality (RUTH +5.4%) will repurchase and retire all of outstanding shares of its...

Ruth's Hospitality (RUTH +5.4%) will repurchase and retire all of outstanding shares of its Series A 10% convertible preferred stock owned by one of its largest shareholders for $60.2M. As a result of the buyback, RUTH's diluted common stock share count decreases by ~8.6M shares and the 10% dividend on the preferred stock is eliminated.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|