0
In an odd-lot tender offer ("Odd-lot Offer"), the offer to purchase is limited to security holders who own less
than 100 shares ("Odd-lot Holders"). The purpose of an Odd-lot Offer generally is to reduce the issuer's disproportionately high cost of servicing small shareholder accounts, and to enable such shareholders to dispose of their securities without incurring brokerage fees.
Add your answer:
Earn +20 pts
Implications as in benefits in buyback of shares?
The benefits of buyback of shares is that you will be able to sell them at a high price. The company's benefit is that they can reduce the amount of shares that are on the market.
A trade of 150 shares of stock is known as what?
an odd lot an odd lot
What is the meaning of 'buyback' as in 'buyback of shares'?
Is the getting back or recall of an investment fund from an insurance broker or a investment comapny/bank
What is a trade of 150 shares of stock would be known as an lot transaction?
odd lot
What is less than 100 shares of stock called?
An odd lot
What is a buyback?
A buyback is a repurchase of something previously sold, especially of stock by the company which issued it.
What is a transaction of less than 100 shares?
Because most stocks are sold in "blocks" of 100 shares (rarely more or fewer), a transaction of fewer than 100 shares is called an "odd lot". This can also be applied to trades that are not in strict multiples of 100 shares. The commission applied to such trades is often larger, or a greater percentage than for trades in 100 multiples.
I am wondering where to get information on the textbook buyback comparison?
Compare buyback prices, read reviews, and leave feedback from all of the top online book buyback companies. For more information, you can visit www.bookscouter.com.
Apache sold stock for 33 and a half at the close of the day If you bought 10 shares how much would it cost?
At the end of the day, $335, plus odd-lot premium, plus broker's commission.
What is Share lot?
100 shares
What is a share lot?
100 shares
How does a stock buy back work?
The board of directors for a company will announce that they have decided to buy back their own shares from the current outstanding shares and then retiring those shares. A Company may do this for several reasons but the main reason is to increase the value of the stock price for the share holders. If a company has 10 million outstanding shares and a current stock price of $5/share (keep in mind the market cap would be $50 million). The company announces that the board has authorized the repurchase of 5 million shares. Then the company will typically buy those shares back throughout the year(or whatever time frame) reducing the outstanding shares to 5 million from the initial 10 million. Let's say that miraculously the company was able to purchase all 5 million shares at $5/share. So they spend $50 million buying back the stock. If I was wealthy shareholder and own 1 million shares of the company then before the buyback I owned 10%(my shares / total outstanding shares....1 milliion/10million) of the company. After the buyback there are now 5 million shares so I own 20% (1 million / 5 million) of the company. If the stock remains at $10/share after the buyback then the the market cap is now 25 million, but if shareholders thought the value of company was worth 50 million before the only thing that has changed after the buyback is the number of outstanding shares. So that means the price should increase to make the market cap go back up. So the idea is when a company buys back stock they increase the value of each share to the shareholder by increasing their ownership in the company. In our case the price of the stock should now be $10/share making the market cap 50 million again ($10/share x 5 million shares = $50 million). So buybacks are an alternative to dividends as a method for a company to return value to the shareholders.
