Group Ltd Vector, a major owner of Ladenburg Thalmann Financial Services Inc, has just filed an initial statement of beneficial ownership where 15,431,205 shares of Ladenburg Thalmann Financial Services Inc were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Vector. Vector operates out of Miami, FL. Some additional info was provided as follows:
The 8.00% Series A Cumulative Redeemable Preferred Stock is convertible into common stock at a non-fixed conversion rate in connection with a change of control as described in the issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 24, 2013.
The above information was discl osed in a filing to the SEC. To see the filing, click here.
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