Sentence examples for class of share from inspiring English sources
The announcement put a damper on plans to issue a new class of share next year designed for investors who want to take a punt on Blockbuster's performance alone.Andrew Regan, an entrepreneur, abandoned his attempt to take over Britain's Co-operative Wholesale Society, a network of mutually owned businesses.
The original tracking stock was an "E" class of share that General Motors issued in 1984 to take over Electronic Data Systems.
Typically, a company will make one class of share have more voting rights than the other, to make sure that certain groups maintain control of the company.
The Ford family controls 40percentt of the votes at Ford Motor through a special class of shares.
Mr. Allen controls 93percentt of Charter's voting rights through a special class of shares.
The amendment permits the board to issue a second class of shares to raise money.
None of which would have mattered without the protection provided by the dual class of shares.
Mr. Schwartz, who controls Onex through a second class of shares, has 17percentt of the publicly traded shares, worth $511 million.
His already dominant voting power will be increased further through his control of a separate class of shares.
