Dual Class Stock

Dual Class Stock

A stock in a publicly-traded company that issues two types of stock. Each stock class has distinct rights attached to it. Generally speaking, dual-class stocks include preferred stock, which carries the right to guaranteed dividends, and common stock, which carries the right to vote in the annual meeting.
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A dual class stock is the issuing of shares with distinct voting rights by one company.
These countries permit dual class stock issuance only at the time of IPOs, not retroactively apply it to existing giants, such as Samsung and Hyundai.
They also called for changes to management and the company's dual class stock structure that helps keep control of major issues in the hands of Murdoch, News.
The dual class stock structure is hardly unique to The New York Times Company.
The GM Class E stock is referred to as both a tracking stock and a dual class stock.
07 per share, charge for costs incurred to eliminate the Company's dual class stock structure and hostile tender offer for its class B stock; a $1.
As a result of eliminating its dual class stock structure in January, Methode added four new independent members to its board of directors at the end of fiscal 2004.
7 million and, excluding expenses related to the elimination of its dual class stock structure and a facility closing, net income of $4.
in an attempt to end Tyson's dual class stock structure.
Tyson Foods of Springdale, Arkansas, landed on the corporate laggards list because of its poor stock performance and use of a dual class stock structure.
Kathryn Hach-Darrow, Hach's chairman, said the dual class stock structure is designed to give the company additional flexibility to issue shares for acquisition or financing purposes, to preserve stability and in the long term to increase liquidity, without diluting the voting power of its existing stockholders.
BUSINESS WIRE)--May 20, 1997--Hach Company (NASDAQ:HACH) announced that its board of directors has approved revisions to the proposal to implement a dual class stock structure previously approved by the board in March 1997.