| CBS Corporation Files Amendment to Registration Statement |
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--(www.FinancialNewsUSA.com)-- 10/15/2009 - IPOs industry news provided by Financial News USA. NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBS) announced today that it has filed an amendment to its registration statement with the Securities and Exchange Commission for the offering of the Company's Class B common stock by NAIRI, Inc. ("NAIRI"), a wholly owned subsidiary of National Amusements, Inc. ("NAI") and a controlling stockholder of the Company. CBS Corporation is not selling any securities in connection with this offering and will receive no proceeds. NAIRI has informed CBS that, subject to market conditions, it plans to sell a number of its shares of Class B common stock of CBS Corporation, which is intended to result in proceeds of approximately $345 million. This amount includes a 30-day option to purchase an additional number of shares equal to 10 percent of the total number of shares offered to cover over-allotments that NAIRI has granted its underwriters. [Read the full article] NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited ("Genco") (NYSE: GNK) announced today that a registration statement on Form S-1 has been filed with the Securities and Exchange Commission for a proposed initial public offering of common stock by Baltic Trading Limited ("Baltic"), a recently formed subsidiary of Genco. Baltic plans to conduct a shipping business focused on the drybulk industry spot market. Baltic does not currently own any vessels but intends to use the proposed offering's net proceeds, as well as $75 million to be contributed by Genco, to acquire vessels and for working capital. Baltic plans to finance its future vessel acquisitions primarily through equity offerings. Baltic intends to enter into a long-term management agreement with Genco under which Genco will provide commercial, technical, administrative and strategic services to Baltic. [Read the full article] BOSTON, Oct. 14 /PRNewswire-FirstCall/ -- Winthrop Realty Trust (NYSE: FUR) announced today that it will be distributing on or about October 23, 2009 non-transferable subscription rights to subscribe for and purchase up to an aggregate of 4,974,911 of its Common Shares of Beneficial Interest ("Common Shares") at price of $9.05 per share to holders of record at the close of the market on October 22, 2009 of its Common Shares and holders of its Series B-1 Cumulative Convertible Redeemable Preferred Shares of Beneficial Interest ("Series B-1 Preferred Shares"). The Company also announced that it has provided to holders of its Series B-1 Preferred Shares the option to convert all or any portion of their Series B-1 Preferred Shares for an equivalent number of newly issued Series C Preferred Shares. [Read the full article] CARMEL, Ind., Oct. 14 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO) announced today that it has entered into an agreement to sell up to $293.0 million aggregate principal amount of its 7.0% Convertible Senior Debentures due 2016 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. Conseco has been advised that the initial purchaser in the private offering has offered to resell the new convertible debentures to a number of qualified institutional buyers. Conseco has been informed by the initial purchaser that Paulson & Co. Inc., on behalf of the several investment funds and accounts managed by it ("Paulson"), has entered into an agreement with the initial purchaser to purchase up to $200.0 million aggregate principal amount of the new convertible debentures. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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