Ruth's Hospitality Group (RUTH)

Ruth's Hospitality Group announced today that it has set the terms for its previously announced common stock rights offering. Under the terms of the rights offering, the Company will distribute at no charge to the holders of its common stock as of 5:00 p.m., New York City time, on January 20, 2010 one transferable subscription right for each share of Company common stock then owned. Each subscription right will entitle the holder to purchase 0.579232 shares of common stock at an exercise price of $2.50 per share.

Jan 15 · 10:14:00 AM · Source: Company Press Release
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by Rich Pike