Each one in plain English, with the numbers worked through for a shareholder.
6 Oct 2009substantial holder notice● Neutral
MatlinPatterson Distressed Opportunities Master Account L.P, MatlinPatterson Capital Management L.P, MatlinPatterson Capital Management GP LLC, David J. Matlin, Mark R. Patterson reported a TOREADOR RESOURCES CORP shareholding of 2,181,460 shares (10.10% of votes) in a periodic institutional filing.
6 Oct 2009asset acquisition disposition● NeutralMajor
Toreador agreed to sell its Hungary subsidiary to Austria's RAG for about $5.4 million plus contingent payments, and separately agreed to sell its remaining Turkey entity (Toreador Turkey Ltd) to Tiway Oil - exiting both countries.
9 Mar 2009asset acquisition disposition▲ GoodMajor
The reduced $55 million Petrol Ofisi sale closed; Toreador used the proceeds to fully repay its IFC loan ($30 million principal plus $5.9 million in fees).
Toreador filed an amended Form 15 (February 27, 2009) certifying zero holders of record for the Series B Preferred Stock Purchase Rights, citing rules for terminating registration of that class. It lists the common stock as still carrying a duty to file reports. Read as a filing about the expired share purchase rights only, not the common stock; this is an inference from the form's class listing. Toreador kept filing afterwards.
Capital Ventures International, Heights Capital Management, Inc reported a TOREADOR RESOURCES CORP shareholding of 741,106 shares (3.50% of votes) in a periodic institutional filing.
THE GOLDMAN SACHS GROUP, INC., GOLDMAN, SACHS & CO. reported a TOREADOR RESOURCES CORP shareholding of 1,079,359 shares (5.30% of votes) in a periodic institutional filing.
As the financial crisis hit, Toreador renegotiated the Petrol Ofisi sale price down from $80.25 million to $55 million for the same 26.75% South Akcakoca interest.
30 Jan 2009security holder rights change● NeutralMajor
Toreador's board redeemed its 2008 shareholder-rights ("poison pill") plan as part of a settlement with activist investor Nanes Balkany Partners, which had been pushing for governance changes.
NANES BALKANY PARTNERS I LP, NANES BALKANY PARTNERS LLC, NANES BALKANY MANAGEMENT LLC, JULIEN BALKANY, DARYL NANES, CRAIG M. MCKENZIE, MARC SENG&# reported a TOREADOR RESOURCES CORP shareholding of 1,082,439 shares (5.30% of votes) in a periodic institutional filing.
MatlinPatterson Capital Management L.P., MatlinPatterson Distressed Opportunities Master Account L.P., MatlinPatterson Capital Management GP LLC, David J. Matlin, Mark R. Patterson, Muniz Sukhadwala reported a TOREADOR RESOURCES CORP shareholding of 2,275,796 shares (11.20% of votes) in a periodic institutional filing.
NANES BALKANY PARTNERS I LP, NANES BALKANY PARTNERS LLC, NANES BALKANY MANAGEMENT LLC, JULIEN BALKANY, DARYL NANES, CRAIG M. MCKENZIE, MARC SENG&# reported a TOREADOR RESOURCES CORP shareholding of 1,082,439 shares (5.30% of votes) in a periodic institutional filing.