IAG.PR.C Inventory Blow-out Sale

IAG.PR.C met a hostile reception when issued in November, closing at 23.80-90 on its opening day, but has since struggled back to today’s close 24.40-50, 9×225, on volume of 1,000 shares all at 24.50.

That was then. This is now.

The underwriters have announced an inventory blow-out sale at 23.50, to close January 14.

Many thanks to Assiduous Reader MP for providing me with proof that this is public, if not particularly well-publicized, knowledge!

This entry was posted on Thursday, January 8th, 2009 at 6:16 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “IAG.PR.C Inventory Blow-out Sale”

  1. PrefBlog » Blog Archive » January 12, 2009 says:
    January 12, 2009 at 8:18 pm

    […] more of this and the inventory blow-out sale will fizzle. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-01-12 Maturity Price […]

  2. PrefBlog » Blog Archive » January 27, 2009 says:
    January 27, 2009 at 10:08 pm

    […] struggling with the implications of the abortive Inventory Blow-out Sale. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-01-27 Maturity Price : 22.06 […]

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