Springing Convertible

0.01 sec.

A convertible security that may be exchanged for common stock in the issuing company and, in addition, contains warrants allowing the holder to purchase more shares if he/she desires. Under certain defined circumstances, the exercise price for these warrants drops dramatically. Springing convertibles are issued in an antitakeover measure. Common circumstances under which the exercise price drops include hostile tender offers and other hostile takeover attempts.

springing convertible

A convertible security that includes warrants to purchase additional shares of the issuer's common stock. Certain prescribed events, such as a hostile tender offer or the accumulation of a large block of stock by a single group, cause the exercise price of the warrants to drop or spring. This unusual security is issued primarily to deter a corporate takeover by making the takeover more expensive.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
No references found			Spot lending Spot Market Spot Markets Spot Month Spot Price Spot Rate Spot rate curve Spot Secondary spot secondary distribution Spot Trade Spot Transaction spot zoning Spousal IRA Spousal Remainder Trust spread Spread income Spread Option Spread Order Spread position Spread Strategy Spread to Treasury Spread-Load Contractual Plan Spreading spreading agreement Spreadsheet Springing Convertible Sprinkler Leakage Legal Liability Insurance sprinkler system Sprinkling Trust spur track SPX square foot method square footage square footage of living area square yard squatter's rights Squawk Box Squeeze Squeeze-Out Squeezing the Shorts Squiggly Lines SR SRA SRD SRG Sri Lankan Rupee SRO SS1 ST STA Staatsanleihe			Springfieldians for Nonviolence, Understanding, and Helping Springfish Springform springform pan Springhaas springhalt springhare springhares springhead Springhill Springhill Road Sewage Treatment Facility springhouse springhouse springier springier springiest springiest springily springily springiness springiness springing springing springing springing springing springing a leak springing a leak springing a leak springing a leak Springing Convertible Springing Convertibles springing course springing cow springing for springing for springing for springing for springing from springing from springing from springing from Springing interest Springing interest springing line springing line Springing line of an arch springing on springing on springing on springing on springing to mind springing to mind springing to mind springing to mind springing up springing up springing up springing up Springing use springing wall

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.