Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective law, finance Having greater than normal
voting rights.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Spencer Rascoff , chief executive of Zillow Inc., doesn't hold shares with extra voting rights, known as supervoting shares, in the company.
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That's the difference between what Sotheby's paid for the Taubman family's 14 million "supervoting" shares last week and the market price of 14 million regular shares.
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Trade regular Neiman and Gartner shares back to those companies in return for "supervoting" shares that will elect 80 percent of the companies 'boards.
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My board didn't want to sell to Comcast because the family had 88 percent voting control by owning "supervoting" shares that were less than 3 percent of the company's stock.
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Times Co. is controlled by a family trust whose 1.5 percent stake includes "supervoting" shares that let it name a majority of the board.
Will The Bosses Pay? 2007
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In exchange for 21.8 million supervoting shares, he got 26.5 million ordinary shares — an uplift now worth nearly $200 million.
Investors Buyings Votes at Viacom Martin Peers 2011
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More egregiously, Frank Stronach , founder of Canadian automotive supplier Magna International , gave up his supervoting shares in that company in exchange for regular shares equivalent to 7.4% of those outstanding and $300 million in cash.
Investors Buyings Votes at Viacom Martin Peers 2011
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Magna said that represented a premium of 1,799% per supervoting share over the regular shares.
Investors Buyings Votes at Viacom Martin Peers 2011
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The Sulzberger family retains control of the company through its ownership of a separate class of supervoting shares.
Times Co. Seeks to Repay Slim Ahead of Schedule Russell Adams 2010
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Such moves can involve a big sweetener for supervoting shareholders.
Investors Buyings Votes at Viacom Martin Peers 2011
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