Ford plans sale of 300 million shares to fund portion of healthcare trust
Los Angeles Times, May 12, 2009
Ford has announced plans to sell 300 million new shares, and the company said proceeds from the offering would be used to fund a portion of the payments it owes to the United Auto Workers' retiree healthcare trust. In February, Ford negotiated a deal with the UAW that let it pay in stock as much as half the $13.6 billion it owes the retiree healthcare fund.
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- 3 Traits Personality Assessments Can't Reveal
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CHS Hacked, 4.5M Patient Records Compromised
- Business Roundup: M&A Activity Down Slightly in First Half of 2014
- CFO Exchange: Healthcare Leaders Share 5 Innovative Ideas
- Large Employers Trimming Healthcare Spending
- CNO on Hospital Redesign: 'You Can't Over-Communicate'