Closely Held Shares

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Closely Held Shares

Shares in a publicly-traded company in which a small group of shareholders control the majority of the shares. These majority shareholders tend to hold on to the company's stock, and, as such, only minority shares are traded, leading to light trade volume. Closely held companies 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, closely held companies do not have access to as much working capital as corporations with more shareholders.
References in periodicals archive ?
Accounts can start as low as $5,000 or as high as $1 billion and deliver outstanding tax benefits for a wide range of gifts from cash and appreciated securities to closely held shares and property
Investable market statistics exclude closely held shares that are not available for trading.
The bourse is valued at about A[pounds sterling]160 million ($247 million), based on the last published price of its closely held shares, according to Niamh Alexander, an analyst at KBW in New York.
A 1995 stock offering moved company ownership from closely held shares traded over the counter to the broader equities market, and about that time Hardinge embarked on a series of acquisitions that brought in such brands as Kellenberger, Hauser, Tripet, and Tschudin grinders, and Bridgeport mills and MCs, as well as buying out its Taiwanese partner in the production of drilling machines.
Create a controlled market for closely held shares at objectively determined value.
Traditional reasons for using buy-sell agreements are to establish a degree of certainty regarding the continuing ownership of a business, to provide a market for closely held shares, to provide certainty as to the value of shares for estate tax purposes, and to provide restrictions regarding operational matters, e.
The IRS in both instances stated that the closely held shares were nonproductive property within the meaning of the regulations, as no dividends had been paid over extended periods of time.
Also included for HMV Group Plc are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for Procter & Gamble Co (The) are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for Barclays PLC are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for Gulf Oil Corporation Ltd are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for RadioShack Corporation are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.