going private

going private
Process by which a publically owned company becomes a privately held company. Causing of a class of equity securities to be delisted from a national securities exchange or the causing of a class of equity securities which is authorized to be quoted in an interdealer quotation system of a registered national securities exchange to cease to be so authorized. Nearly all attempts to go private utilize variations of one or more of a limited number of basic techniques. These include (in probable order of frequency):
(1) A cash tender offer to purchase all outstanding publically held shares by the issuer, its management or an affiliated entity;
(2) a merger or consolidation of the issuer with, or the sale of its assets to, anotner corporation controlled by management of the issuer;
(3) an exchange offer (almost always involving a debt security) by the issuer, its management or an affiliated entity; and
(4) a reverse stock split.

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • going private — n: the process of transforming a public corporation into a close corporation by terminating the registration of the corporation s stock, the listing of the stock on an exchange, or the active trading of the stock on the market Merriam Webster’s… …   Law dictionary

  • Going Private — A transaction or a series of transactions that convert a publicly traded company into a private entity. Once a company goes private, its shareholders are no longer able to trade their stocks in the open market. Private equity firms will typically …   Investment dictionary

  • Going Private — Als Delisting (englisch: to list – notieren, verzeichnen), seltener auch Börsenabgang bezeichnet man in der Finanzierungslehre die dauerhafte Einstellung der Börsennotiz einer Aktiengesellschaft. Das Delisting ist ein verwaltungsrechtlicher… …   Deutsch Wikipedia

  • going private transaction — n: a corporate action (as a recapitalization, share repurchase, or tender offer) taken as part of going private Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. going private transaction …   Law dictionary

  • Going Private — Überführung einer öffentlichen, börsennotierten Gesellschaft in eine private, nicht an den öffentlichen Aktienmärkten gehandelte Unternehmung. Gegensatz: Going Public (⇡ IPO) …   Lexikon der Economics

  • going private — When publicly owned stock in a firm is replaced with complete equity ownership by a private group. The firm is delisted on stock exchanges and can no longer be purchased in the open markets. Bloomberg Financial Dictionary …   Financial and business terms

  • going private — Process by which a publically owned company becomes a privately held company. Causing of a class of equity securities to be delisted from a national securities exchange or the causing of a class of equity securities which is authorized to be… …   Black's law dictionary

  • Going-private transactions — Publicly owned stock in a firm is replaced with complete equity ownership by a private group. The shares are delisted from stock exchanges and can no longer be purchased in the open markets. The New York Times Financial Glossary …   Financial and business terms

  • Private equity in the 21st century — relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub industries, leveraged buyouts and venture capital experienced growth along parallel although… …   Wikipedia

  • Going public — Unter einem Börsengang, engl. Initial Public Offering oder kurz IPO (früher auch „Going Public“ genannt) oder auch Primary Offering, versteht man das erstmalige Angebot der Aktien eines Unternehmens auf dem organisierten Kapitalmarkt. Die… …   Deutsch Wikipedia

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