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Yellow Pages Ltd T.Y

Alternate Symbol(s):  YLWDF

Communication Services
Yellow Pages Limited is a Canadian digital media and marketing company. The Company offers targeted tools to local businesses, national brands and consumers, allowing them to interact and transact within the digital economy. It offers small and medium-sized enterprises (SMEs) across Canada full-serve access to a comprehensive suite of digital and traditional marketing solutions, such as online and mobile priority placement on its digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions, as well as print advertising. Its media properties, primarily desktop, mobile and print, continue to serve as effective marketplaces for Canadian local merchants, brands and consumers. The Company holds local online properties, including YP.ca, Canada411 and 411.ca. It also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories.


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Yellow Pages Ltd
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Comment by BetThe4Horseon Dec 08, 2013 10:51am
253 Views
Post# 21983462

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:someone is STILL buying a lot of warrants

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:someone is STILL buying a lot of warrants
DoubleIndemnity wrote: I think the "special dividend" scenario is that the controlling shareholders decide they want to get paid off so they have Yellow Media take on another $600 million of debt and pay out a special dividend of $20 per share. In this scenario, the strike price of the warrants would be adjusted.

This scenario is impossible right now. (If Yellow Media issues any new debt, they must use all of the money to pay back the existing debt.)


This is the exact scenario I'm worried about, so if the warrant prices would (are we 100% sure now?) be adjusted in that scenario then it's all good.  Yes this would have to be some time quite far down the line, but I'd like the option of simply holdings the warrants for several years rather than being forced into exercising them.
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