Business News • MarketWire • Highbury Financial Inc. Announces Updated Capitalization Information |
Highbury Financial Inc. Announces Updated Capitalization Information |
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Highbury Financial Inc. Announces Updated Capitalization Information
DENVER, CO--(Marketwire - January 28, 2010) - Highbury Financial Inc. ("Highbury") (OTCBB: HBRF) announced today that as of January 25, 2010, it had 18,526,171 shares
of common stock outstanding. In addition, there are 4,500,000 shares of
common stock reserved for issuance upon conversion of Highbury's 1,000
outstanding shares of Series B Convertible Preferred Stock ("Preferred
Stock"). Highbury has agreed with each holder of Preferred Stock that prior
to the effective time of the proposed merger ("Merger") of Highbury into a
wholly owned subsidiary of Affiliated Managers Group, Inc., a Delaware
corporation publicly traded on the New York Stock Exchange, the Preferred
Stock will be exchanged for newly issued shares of Highbury common stock.
All of Highbury's warrants to purchase shares of common stock that were not
exercised prior to 5:00pm ET on January 25, 2010 have expired.
View More : http://www.marketwire.com/mw/release.do?id=1108560&sourceType=3
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