Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Shares of two publicly-traded companies operating under the same management that are traded as if they were one stock. Most of the time, certificates for each stapled stock are printed on the same stock certificate. Stapled stocks are put together usually if one share pays higher dividends while the other has the higher potential for appreciation. Variations on stapled stocks include HOLDRS, which issue stocks in more than two companies as one certificate. Stapled stocks are also called paired shares.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Shares of two firms under common management that are sold as a single unit. A single certificate may be issued to represent ownership in both firms. Also called stapled stock.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.