Stephens Inc. joins effort to recapitalize Knight Capital | Arkansas Blog

Monday, August 6, 2012

Stephens Inc. joins effort to recapitalize Knight Capital

Posted By on Mon, Aug 6, 2012 at 11:28 AM

Stephens Inc., the Little Rock financial house, is a participating in the $400 million bailout of Knight Capital Group, the market maker that suffered catastrophic losses because of a software failure. Articles I've seen so far don't specify Stephens' share of the investment from a group comprising six firms.

The investors will buy preferred stock convertible into common shares for their cash infusion. The new investors will own most of the company. Old investors will have little.

Tags: , ,

From the ArkTimes store

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

  • Who you gonna trust? Not GOP politicans on health care

    Gov. Asa Hutchinson keeps insisting that the Graham-Cassidy Obamacare repeal will be great for Arkansas. Evidence keeps mounting that it will strike the state (meaning Arkansas human beings) a devasting blow.
    • Sep 21, 2017
  • Death reported of Robert Johnston, former legislator and homeless advocate

    In a cruel coincidence, a new development in the city's ongoing struggle with how to deal with the homeless came the day of news of the unexpected death of Robert Johnston,  a tireless advocate for the homeless in a long career of public service.
    • Sep 21, 2017
  • Alternate homeless feeding plan falls apart

    A plan to establish a volunteer effort to feed homeless in the far southeastern corner of the city, well removed from downtown, has fallen apart as was inevitable.
    • Sep 21, 2017
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

  • ASU to reap $3.69 million from estate of Jim and Wanda Lee Vaughn

    Arkansas State University announced today plans for spending an expected $3.69 million gift in the final distribution of the estate of Jim and Wanda Lee Vaughn, who died in 2013 and 2015 respectively.
  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation