puttable common stock

Puttable Common Stock

Common stock in a publicly-traded company that an investor may sell back to the issuing company at a certain price. This price is determined when the stock is issued. Generally, the price is relatively low in order to discourage abuse of the option, but it protects the investor from the risk that the share price will collapse.

puttable common stock

The shares of common stock that are sold with rights to put the shares back to the issuer at a specified price. Compare callable common stock.
References in periodicals archive ?
Dreyer's has ended its put period--when shareholders of Dreyer's Class A Callable Puttable Common Stock could sell up at purchase price.
Since a portion of puttable common stock is treated as equity, it is treated less like a liability than is the 100-year MRPS in the prior example, even though the puttable common stock reduces the solvency of the firm to a far greater extent.
Their example illustrates how accounting for convertible debt and puttable common stock, two economically similar financing instruments, differs under the ED.
Examples are convertible bonds and puttable common stock.
Dreyer's") (NNM:DRYR) announced today that, as a result of the exercise of a put right (the "Put Right") by certain holders of Dreyer's Class A Callable Puttable Common Stock (the "Class A Shares.
Holders of Class A Callable Puttable Common Stock will be permitted to sell some or all of their shares to Dreyer's Holdings for $83.
Dreyer's") (NNM:DRYR) announced today that the period during which holders of shares of Dreyer's Class A Callable Puttable Common Stock (the "Class A Shares time on January 13, 2006 (the "Expiration Time").
and its affiliates (collectively, Nestle) have filed revised preliminary materials with the Securities and Exchange Commission ("SEC") concerning the provisions set forth in Dreyer's amended and restated certificate of incorporation (the "Restated Certificate") under which holders of Dreyer's Class A Callable Puttable Common Stock (the "Class A Shares federal securities laws, as permitted under these circumstances by the Restated Certificate.
If the Merger is completed, each stockholder (other than Nestle and its affiliates) who holds shares of the company's Common Stock at the effective date of the Merger will receive one share of Class A Callable Puttable Common Stock of New Dreyer's for each share of the company's Common Stock.
The owners of the callable puttable common stock had the right to require Salick Health Care to purchase their shares in October 1997 which Zeneca was required to fund.
Under the merger agreement Zeneca has the right to require Salick Health Care to purchase the outstanding so-called callable puttable common stock.
875 cash, one half share of callable puttable common stock (although no fractional shares will be issued), and a distribution of $0.