secondary distribution


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Secondary Distribution

The sale of a security that has already been issued. Generally speaking, it refers to the sale of a security by a private investor (usually a corporation) to a member of the general public. It is also called a secondary offering. See also: Secondary market.

secondary distribution

The sale of a block of existing, not newly issued, securities with the proceeds going to the present holders rather than to the issuing firm. An especially large secondary distribution may put pressure on the security's price until the additional shares or bonds have been assimilated in the market. Also called secondary offering. Compare primary distribution. See also registered secondary distribution, special offering, spot secondary distribution.
References in periodicals archive ?
The second, the business solution, is far better economically than a legal solution for thwarting this shady secondary distribution system.
The outsourced secondary distribution is seeking to reduce the wages of a loyal workforce by up to pounds 7,000, which is another example of workers' interests coming behind profit.
NYSE: TAM) (Bovespa: TAMM4), Brazil's largest airline company, announces to the market today the closing of its preferred shares public offering, which comprised the primary distribution of 5,000,000 new shares and a secondary distribution of 30,618,098 shares held by selling shareholders in Brazil (11,748,533 shares) and abroad (23,869,565 shares in the form of ADS -- American Depositary Shares).
The initial public offering (IPO) of shares on the NYSE corresponds to the international offer and is part of the global offer that TAM is making in Brazil and abroad by means of a simultaneous primary distribution of 5,000,000 new preference shares and a secondary distribution of 30,618,098 shares belonging to existing shareholders.
In a deal worth 7 million [pounds sterling] per annum over the next three years, NYK Logistics has been appointed to provide a dedicated secondary distribution service from Netto's RDCs (regional distribution centres) at Daventry and South Elmsall, West Yorkshire.
54 billion yen, while fees from acting as an intermediary in helping corporate clients sell securities in either a new or secondary distribution formula to the public rose 18.
In addition, AREVA T&D will supply and install 129 Remote Terminal Units (RTU) at each of the network's 129 primary and secondary distribution sub stations.
Major UK clients include British Airways, Safeway (Morrisons), Asda, Tesco, The Co-op Group and Somerfield, for whom Christian Salvesen manages some RDCs and secondary distribution to stores, and consolidates goods heading for distribution centres.
The Harvest Eagle system consists of two power units with an integrated primary distribution center, operator remote terminals, primary switching centers, secondary distribution centers, power distribution panels, remote area lighting systems, cable reel pallet assemblies, secondary and primary cables and an external fuel system.
Topics to be reviewed, among others, are the impact of the elimination of the displaced homemaker and gender equity funds, the shift in funds due to the change in the secondary distribution formula within states, potential links to a broader range of postsecondary and job training initiatives such as those provided through the Workforce investment Act and welfare reform and the attempts to address the needs of rural schools and community colleges.
The HCA court looked at different types of property, including: Primary and secondary electrical distribution systems: Items included in this category were main panels, main motor control centers, transformers, secondary distribution panels, and related wiring and conduit.
Private transport exists, but it is not able to take on a significant role in secondary distribution because private transporters are unwilling to risk wear and tear on their vehicles.

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