Corporate
Jun. 9, 2012
Arnold & Porter handles stock sale for Schwab
The Charles Schwab Corp. on Wednesday closed its second stock sale of the year with legal counsel from Arnold & Porter LLP's San Francisco office. Combined, the two sales are valued at more than $1 billion.
Daily Journal Staff Writer
The Charles Schwab Corp. on Wednesday closed its second stock sale of the year with legal counsel from Arnold & Porter LLP's San Francisco office. Combined, the two sales are valued at more than $800 million.
Beginning May 30, Schwab sold $425 million in series B perpetual preferred stock, which is senior to common stock, in a move to raise additional capital. Perpetual stock has no maturit...
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