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Secondary markets are a short-term solution to offer shareholders partial liquidity.
As we continue to execute that business strategy, this recapitalization plan gives shareholders partial liquidity at an attractive price of $45 per share while preserving their ability to participate in the company's exciting future growth potential".
Engelhard said the proposed recap is a better deal for shareholders, giving them "partial liquidity at an attractive price of $45 per share while preserving their ability to participate in the company's exciting future growth potential".
Both the banking system and the market can provide partial liquidity insurance to investors.
Companies can control who owns their stock, approved investors can get own a piece of the company while shareholders receive partial liquidity.
Now, with a massive capital infusion (parts of the funds will go to cleaning up its capital table, and provide some employees with at least partial liquidity) it has the latitude to burn, accelerating its growth.
Similar(52)
Despite stress tests conducted by E.U. regulators in July and a partial withdrawal of E.C.B. liquidity support, several European banks remain fragile, and some — notably in Greece, Ireland and Portugal — are wholly dependent on the E.C.B. for funds.
Partial evidence of commonality for liquidity for non-U.S.
We find that accommodating policies such as blanket deposit guarantees, open-ended liquidity support, repeated partial recapitalizations, debtor bail-outs and regulatory forbearance all tend to add significantly and sizably to fiscal costs.
Banks with insufficient liquidity cannot response all partial or integral request of capital withdraw capital.
She helped engineer a partial sale of Yahoo's position in Alibaba, netting the company much-need liquidity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com