USA: Ford Announces Final Results of Value Enhancement Plan
Ford Motor Company (NYSE: F - news) has announced that $6 billion in cash will be distributed to its shareholders through the company's Value Enhancement Plan (VEP). The total number of new Ford common and Class B shares outstanding will be 1.9 billion. Under the VEP, Ford shareholders exchanged each of their current Ford common or Class B shares for a new Ford common or Class B share, as the case may be, plus either $20 in cash (Option 1), 0.748 additional new Ford common shares (Option 2), or a combination of $5.18 and 0.555 additional new Ford common shares (Option 3).
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