Genie Energy Refuses To Put Exchange Offer Back In Bottle

Genie Energy(GNE) is a company that we have followed from the announcement of its spinoff from IDT(IDT).  Last year, the company promoted an interesting exchange offer to allow holders to elect to trade their equity for high-coupon preferred stock with less upside from business performance.  The offer was met with little interest. Undeterred, the company relaunched the exchange… Read More »