Tom, Reuters owns 61% of TIBX so they own 113 million of
the shares. Also the the IPO was 7-14-99 so the
lockup period ended in mid Jan. So insiders had plenty of chance to sell at over twice current levels. And they did
sell a fair bit. over a million shares.
so insiders other than Reuters own 26 or 27% of the company.
------------------
EQUITY
Common Stock $.001 Par, 3/00, 300M auth., 185,240,750
issd. Insiders control 88%, (Reuters PLC owns approx. 61%).
IPO 7/14/99, 7,300,000 shares @ $15 by Goldman, Sachs & Co.
PO: 3/00, 5M shs. (4,025,750 by Co.) @ $106 by Goldman,
Sachs. (As of 11/99) The Company reports debt. All Prfd.
Stock conv. into Common upon IPO. 2/00, 3-for-1 stock split.
ANALYST FOOTNOTES
TIB = The Information Bus. *FY'11/97 = 11 months due to an
FYE change from DEC to NOV. All weighted average shares
prior to the IPO are proforma. 3/99 B/S is also proforma. |
