close company


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Closed Corporation

A company in which a small group of shareholders controls the majority of the shares. These majority shareholders tend to hold on to the company's stock, and, for that reason, only minority shares are traded, leading to light trade volume. Closed corporations are, by their nature, resistant to hostile takeovers and proxy wars. They tend to be more stable than other companies because their share prices are not determined by (sometimes irrational) investment decisions, but by the value of the company itself. However, closed corporations do not have access to as much working capital as corporations with more shareholders. They are also called closely held companies.

close company

a JOINT-STOCK COMPANY which is under the control of five or fewer larger SHAREHOLDERS or directors.
References in periodicals archive ?
The Dante has always been the most imformative of the Derby trials and Godolphin were determined to make it a test as Frankie Dettori went off in the front, with Dilshaan and Storming Home in close company.
In professional performance, Miller has close company.
He simply had come to realize that he preferred the close company of men to that of women.
Fiscal 2000 brings to a close Company operations under our former business model, where we had derived revenue almost entirely from Web design, low-level hardware system integration, and maintenance of our portal," commented Jun Liang, president of Intermost.
We in Wales are privileged enough to have a language we can call our own, a genuine native tongue that we share with no other nation, although we enjoy the close company of its cousins in Gaelic, Manx, Cornish and Breton.
Because of the telecoms tycoon's relationship with disgraced former Fine Gael minister Michael Lowry it might have been prudent if Mr Kenny had not been in his close company.
Religious teachers in the training centre used to give a round of the Jannat to the would be bombers and convinced them that after their death in suicide attacks their status would be equal to Sahaba-e-Karaam and that they would enjoy the close company of Hazrat Muhammad (PBUH).
He lives in high style, tours the country and is in the close company of stars like Jay-Z and Beyonce," said Rockefeller.
In the 125cc race, Robert Dunlop took the lead on the first lap with Chris Palmer and Ian Lougher in close company.
The Curriers Close company was founded by Brian Chadbourn more than 30 years ago and remains a family firm, with Shawn Chadbourn as operations director and Sarah McDade as development director.
Derek Knight's exciting prospect, providing the third leg of a seven-timer for the Albourne maestro, took over from Lenson Cody at the second corner with favourite Blues Best Tayla (6-4) in close company as the field raced past the judge on the first circuit.