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Breaking the Syndicate |
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Breaking the syndicate Terminating an agreement among underwriters, specifically the investment banking group assembled to underwrite the issue of a security. Breaking the Syndicate The act of the members of a syndicate parting ways at the end of the relationship. A syndicate is a group of underwriters who work together to place an issue with investors. Once the issue is placed (or once it becomes clear that no more of the issue can be placed), the syndicate is said to break. Every syndicate is a temporary arrangement.
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