Paired Shares

Paired shares

Stock of two companies under the same management that are sold as one unit with one certificate.

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paired shares

Shares of two firms under common management that are sold as a single unit. A single certificate may be issued to represent ownership in both firms. Also called stapled stock.

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Paired Shares

Shares of two publicly-traded companies operating under the same management that are traded as if they were one stock. Most of the time, certificates for each paired shares are printed on the same stock certificate. Paired shares are put together usually if one share pays higher dividends while the other has the higher potential for appreciation. Variations on paired shares include HOLDRS, which issue stocks in more than two companies as one certificate.