letter stock

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Related to letter stock: Restricted stock

Letter stock

Privately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.

Restricted Security

A stock or right that one acquires through some means other than the open market. One may receive a restricted security through a merger or acquisition, private placement prior to an IPO, or sometimes through a stock option. A restricted security is not registered with the SEC and thus may not be sold publicly until registration has been made. It is less commonly called a letter security.

letter stock

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preventing acquisition of letter stock tracking passive assets), their potential application may inadvertently extend to active joint ventures or other NRE equity investments in which there is no tax policy reason for the rules applying.
In fact, prior to embarking upon our present strategic course, the Company and its investment bankers had evaluated the possibility of a letter stock offering and concluded that it would not be in shareholders' best interests.
s announcement it will create separate letter stock for each of the company's four business units in an effort to enhance shareholder value.
is the sole obligor of all previously issued public debt and will remain the sole obligor subsequent to the planned letter stock issuance.
6 billion in 93 million shares of letter stock of its Nabisco Foods Group.
Fitch affirmed RJR's ratings when the letter stock offering was originally announced in early March.
The beauty is that the letter stocks still are a part of GM'S market capitalization.