Commerce Energy Announces Distribution Date for Previously Announced Dividend and Rights Plan Redemption Payment
December 16 2008 - 12:30PM
Business Wire
Commerce Energy Group, Inc. (AMEX:EGR) announced today that
December 17, 2008 shall be the distribution date for the previously
announced cash dividend of $0.084 per share to be paid to the
Company�s shareholders of record as of December 11, 2008. In
addition to the dividend payment, such shareholders also shall
receive an additional payment of $0.001 per right in connection
with the redemption of all the outstanding Rights under the
Company�s Shareholders Rights Agreement dated July 1, 2004. About
Commerce Energy Group Commerce Energy Group was a leading
independent U.S. electricity and natural gas marketing company. Its
principal operating subsidiary, Commerce Energy, Inc., was licensed
by the Federal Energy Regulatory Commission and by state regulatory
agencies as an unregulated retail marketer of natural gas and
electricity and serves homeowners, commercial and industrial
consumers and institutional customers. As a result of a consensual
foreclosure, Universal Energy, Ltd. obtained control of Commerce
Energy, Inc. on December 11, 2008 because one of its subsidiaries
bought the Company�s debt immediately prior to the foreclosure. For
more information, see the Company�s Current Report on Form 8-K/A
filed with the U.S. Securities Exchange Commission on December 15,
2008.
Commerce Energy (AMEX:EGR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Commerce Energy (AMEX:EGR)
Historical Stock Chart
From Sep 2023 to Sep 2024