Those rights are now trading separately and closed yesterday at $2.80.
A separately traded company could not have benefited from the loss.
The certificates can be traded separately from the energy produced.
The next day, as the shares and the rights traded separately, the common opened at about 10 cents.
These are an inherent part of the bond, rather than a separately traded product.
They are the only thrifts to have spun off such securities, which trade separately.
Investors would have the option to receive shares in one or the other of the separately traded stocks.
The publisher is also considering a tax-free split into two separately traded companies.
After syndication, these warrants can be split off from the bond and traded separately.
Companies often issue tracking stocks, which are traded separately from a company's ordinary shares, to establish market value of a particular division or unit.