J.C. Penney buys 11 million class A common shares and one preferred
By Devika Patel
Knoxville, Tenn., Dec. 12 - Martha Stewart Living Omnimedia, Inc. completed a $38.5 million private placement of class A common stock and series A preferred stock with J.C. Penney Corp. on Dec. 6, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 11 million common shares and one preferred to the investor.
The media and merchandising company is based in New York.
| Issuer: | Martha Stewart Living Omnimedia, Inc.
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| Issue: | Series A preferred stock, class A common stock
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| Amount: | $38.5 million
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| Warrants: | No
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| Investor: | J.C. Penney Corp.
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| Settlement date: | Dec. 6
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| Stock symbol: | NYSE: MSO
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| Stock price: | $3.12 at close Dec. 6
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| Market capitalization: | $268.45 million
|
|
|
| Series A preferreds
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| Shares: | 1
|
|
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| Common stock
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| Shares: | 11 million
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