overnight deal

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Overnight Deal

An offering of previously issued stock that is not usually traded. For example, a publicly-traded company may make an overnight deal to sell some of its stock that it previously issued but still owns (because many publicly-traded companies own a portion of their own stock). Overnight deals are often less expensive than new issues because there are no underwriting costs. There is also less downward pressure on the share price because the number of shares outstanding does not increase.

overnight deal

A secondary offering, follow-on offering, or sale of shares from a shelf offering in a large block trade. Compared to a public offering, an overnight deal can save on underwriting expenses and avoid downward pressure on a stock's price prior to the issue.
References in periodicals archive ?
ICIS)--European benzene December and January spot prices spiked 15-18% on Thursday morning amid a flurry of overnight deals.
Four of 10 banks contacted by Reuters reported overnight deals at a rate of 11.
lt;p>Three of nine banks contacted by Reuters reported overnight deals between 11.
Flights to European ski resorts from Dublin Airport tend to be early and travellers from Northern Ireland can get good overnight deals at the Clarion Hotel just a short walk to the airport.
In overnight deals, the dollar bounced back to the lower 103 yen range from its recent fall to a nearly five-year low as market players unloaded the yen on concerns about adverse effects on Japan's economy of the earthquake that jolted eastern Hokkaido late Monday, dealers said.
Three out of 10 banks contacted by Reuters reported overnight deals between 11.
The dollar started the day's Tokyo trading on a weak note, carrying over the trend in overnight deals in New York, where it fell to a 33-month low of 110.
55 yen, its lowest level since early September, during overnight deals in New York.
And for those of you who wish to stay longer we have put together some great value overnight deals enabling you to stay for either one or two nights at a themed Disneyland Paris Resort hotel.
We have also put together some great value overnight deals enabling you to stay for either one or two nights at a themed Disneyland Paris resort hotel.
dollar held steady against the yen in early Tokyo trading Tuesday, following overnight deals in New York in which it rose to the 124 yen level on good economic data.
dollar firmed up toward 124 yen in early Tokyo trading Friday, following a buyback trend in overnight deals in New York.