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Bracketing

The order of appearance of underwriters' names in a securities offering. Bracketing is typically based on a given factor: particularly,...

LoC

It stands for letter of comfort; a final statement that a certified public accountant (accounting firm) issues to the underwriters,...

Letter of Comfort

A final statement that a certified public accountant (accounting firm) issues to the underwriters, declaring no indication of false or...

Comfort Letter

A final statement that a certified public accountant (accounting firm) issues to the underwriters, declaring no indication of false or...

Lift a Leg

An action that an investor takes in the execution of a spread transaction by closing one of two simultaneously held...

Blended Price

The weighted average price per share that is calculated with respect to a two-tier tender offer. This is the price...

Two-Tier Tender Offer

An offer to acquire all of the outstanding shares of a firm by purchasing a controlling interest in the firm...

Reciprocal Holdings

Mutual stockholdings that are meant to foil any takeover bids by a third party. In other words, it is a...

Clientele Effect

The influence that an investor (or a group of investors) exercises as to the process of selection of specific securities....

Virgin Shell Company

A company that is in the development state. In its business plan, the company’s aim is to merge with some...