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Buy (3.25 out of 4)
47th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, December 11, 7:10 PM
Slide #606. Iridium Communications Inc. — Preferred Stock Offering
| Company: |
Iridium Communications Inc. (NASDAQ:IRDM) |
| Shares Offered: |
1,000,000 |
| Date of Pricing: |
9/28/2012 |
| Price Per Share: |
$100 |
| Preferred Stock Offering Details: |
Iridium Communications Inc. announced that it has priced a private offering of 1,000,000 shares of 7% Series A Cumulative Perpetual Convertible Preferred Stock, with a liquidation preference of $100 per share (the "Preferred Stock"). |
Iridium Communications Inc. is a commercial provider of communications services. Co. is engaged in providing mobile voice and data communications services using a constellation of orbiting satellites. It provides voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure. It utilizes an interlinked mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites.
 Open the IRDM Page at Preferred Stock Channel »
| Name: |
Iridium Communications Inc |
| Website: |
www.iridium.com |
| Sector: |
Communications Services |
| Number of ETFs Holding IRDM: |
110 (see which ones) |
| Total Market Value Held by ETFs: |
$738,844,078 |
| Total Market Capitalization: |
$3,592,000,000 |
| % of Market Cap. Held by ETFs: |
20.57% |
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Open the IRDM Page at Preferred Stock Channel (in a new window) »
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