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 works will include new primary and secondary distributions. Order distribution in the administrative building will be adapted.
Thus, the primary and secondary distributions lines in rural areas caused high line resistance and I2R losses in the line.
They said that distribution transformers are not located at load center on the secondary distribution system.
The documented negative price reactions at the announcement of secondary distributions (Mikkelson and Partch |5~), block sales (Holthausen, Leftwich and Mayers |3~), and equity issues (Asquith and Mullins |1~) are all consistent with this view.
The guarantee of the floor on losses to investors appears to mitigate the information effects of the announcement relative to the information effects of secondary distributions. A second plausible explanation of the smaller price response associated with exchangeable debt issues relative to secondary distributions is that an issuer of exchangeable debt, although well-informed, may, on average, not be as well-informed as the issuers of secondary distributions.(8)
As documented earlier, the price response of the convert firm's stock at issue is negative, but smaller in magnitude than the price response associated with secondary distributions, the likely alternative method of disposal.
The price response of the convert firm is less pronounced than the negative price response associated with secondary distributions or block sales.
12 It is important to consider the difference in the size of the secondary distributions studied by Mikkelson and Partch |5~ (mean dollar value of $31.6 million) and the exchangeable debt offerings studied here (mean dollar value of $96.4 million, Exhibit 3).
Invitations to tender (summary) : Implementation of fire protection measures: - Replacement of 22 secondary distributions (without delivery of the latter) - Renewal of safety lights, including the emergency lighting unit - Installation of a KNX system for Lighting and ventilation (without programming) - Installation of a mechanical smoke and heat extraction system - IEFC (without the delivery of plant equipment and field devices)
It is organized into 19 chapters, dealing with such topics as exempt securities, secondary distributions, insider trading, shareholder voting, and corporate takeovers.
Along with the above transformation, it should create new primary and secondary distributions in some buildings.
The ITU has decided to proceed with the modernization of the BT booth located in the main building and to replace all of the tables in the main distributions of 2 transformers 1000 kVA and arrays of secondary distributions "Network", "Emergency" and "UPS" (uninterruptible power supply).

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