When a corporation purchases back its own stock it is considered " treasury stock ", basically stock the corporation owns and can resell when it pleases.
32.
The rule is designed to simplify accounting for so-called treasury stock, or stock held against options, warrants and other securities that can be converted into shares.
33.
Money points out that this is not considered insider trading because of a loophole that permits the purchase of so-called treasury stock directly from a company.
34.
Treasury stock is stock a company issues and then buys back and places in its treasury where it earns no dividends and carries no voting rights.
35.
The shares being offered are part of the 5 percent of treasury stock created in the re-organization earlier this year of the cross-holdings between Axa and Assicurazioni Generali SpA of Italy.
36.
Shareholders also gave management authorization for two bond issues worth a total of 150 billion pesetas, as well as a reduction of capital by 2.4 percent, through cancellation of treasury stock.
37.
His stock interest of 672 shares was purchased by the corporation for $ 18, 500 ( $ 299, 379 in 2011 dollars ) and his shares were retired as treasury stock.
38.
When the treasury stock is sold back on the open market, the paid-in capital is either debited or credited if it is sold for less or more than the initial cost respectively.
39.
An incentive stock option, the option to buy stock in a particular company, is a right granted by a corporation to a particular person ( typically executives ) to purchase treasury stock.
40.
In addition to shares held by the three families that control Docks's board, the Tours, France-based company said it would sell its treasury stock to Auchan, which represents 4.7 percent of Docks's capital.