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It is seen as a temporary partner and Citigroup is thought to have the first right of repurchase for IBM's shares.Ideally, Guangdong would be folded into Citigroup, with branches fanning out across China to offer services to the growing middle class, investment products and corporate banking, such as payroll and cash management.
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Second, it is possible that his equity was subject to a right-of-repurchase by the company and the other partners may have chosen to exercise it.
As in Zollars' case, the companies typically retain a right to repurchase a portion of those shares at the grant price if the executive screws up.
The stock part of the deal means Vodafone will own about 10percentt of France Telecom, but the French company will have the right to repurchase those shares.
His shares vest over the next three years, meaning that Lante has the right to repurchase his unvested shares at $1.35 apiece.
The company insists the partnership hasn't changed and that it has the right to repurchase the 1% stake later.
His shares vest over the next three years, meaning Lante has the right to repurchase his unvested shares at $1.35.
Carlyle has a right to summarily repurchase all of the public's shares if less than 10 percent of the company is held by those shareholders.
The commission is focusing on all sorts of repurchase agreements, not just those Lehman used.
And, perhaps not surprisingly, the number of repurchase requests has risen sharply.
The repurchase proposal "constitutes a manifest violation of the principle of fair and equitable compensation for being deprived of the right of ownership," the minority shareholders' representative, Deminor, a French investment advisory firm, said in a statement.
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