overnight deal

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 ?
The overnight deal is from PS239 for two with breakfast in the awardwinning Gail's Kitchen, backpack, map, poncho (it's not always sunny
Earlier, financial markets rose after the surprise news that the eurozone leaders had struck an overnight deal to shore up banks in Spain and other weaker nations.
Financial markets rose yesterday after the surprise news that the eurozone leaders had struck an overnight deal to shore up banks in Spain and other weaker nations.
This isn't some overnight deal - this is something we've been working on, and we want people to know bus safety is one of our top priorities.
50 for non guests or there's an overnight deal of pounds 152 for two, with champagne and chocolates on arrival, dinner, full breakfast and a newspaper.
The Sunday Mercury's famous Reader Travel service has lined up a great overnight deal.
Tension remained high in the Gaza Strip despite an overnight deal between Abbas' Fatah and Hamas activists to stop fighting each other.
The lack of any publicly-stated follow-through yesterday changed the expectations of stock market dealers, who scrambled to get out of Royal Bank shares ahead of any overnight deal in which NatWest might negotiate a higher price.
Upon circling anchor orders in such a transaction, the Board could go public and do an overnight deal ensuring all shareholders the ability to participate in such a transaction.
They are currently offering a special overnight deal with the best of both worlds -a five-course oriental banquet and a full Scottish breakfast
After three days of rain-affected frustration, it was quite clear some sort of overnight deal would have to be hatched for any sort of result to be achieved.
In spite of extremely volatile capital markets in the second quarter, our M&A and follow-on equity business was brisk, including the landmark overnight deal for Jabil Circuit, Inc.