This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Harbinger Group Inc. Files Shelf Registration Statement

Stocks in this article: HRG

NEW YORK, March 13, 2012 /PRNewswire/ -- Harbinger Group Inc. ("HGI"; NYSE: HRG) announced today that it has filed a shelf registration statement with the Securities and Exchange Commission.  Upon effectiveness of the shelf registration, funds affiliated with Harbinger Capital Partners LLC (together, the "HCP Funds"), stockholders of HGI, may sell in secondary offerings up to 25 million shares of their HGI common stock over the next three years.  Pursuant to the same registration statement, HGI will be able to sell in primary offerings up to $75 million of its securities over the same period, which may consist of common stock, preferred stock, warrants or units. 

At the present time, HGI has no specific plans to issue any securities under the registration statement.  Omar Asali, HGI's President, said, "This shelf registration, once effective, will serve two purposes.  First, it will provide the HCP Funds with an avenue to reduce their holdings of HGI common stock, should they choose to do so. Any offering of HGI common stock, should it be made, is expected to increase HGI's public float and diversify its shareholder base.  Second, this will provide HGI with additional flexibility to finance business opportunities in the future, should they arise, which may include the financing of acquisitions that are consistent with our business strategy and are expected to enhance shareholder value."

Following the effectiveness of the shelf registration statement, HGI or the HCP Funds may periodically offer securities in amounts, at prices, and on terms to be announced when, and if, such securities are offered. The terms of any offering under the registration statement, and the intended use of the resulting net proceeds, will be established at the time of each offering and will be described, to the extent required by applicable rules of the SEC, in the prospectus supplement filed with the SEC at the time of such offering.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs