Search results
Results from the WOW.Com Content Network
Shares of Alcon also advanced on the news, trading at $165.28, up $2.85 or 1.7%. Sponsored Links To seal the deal, Novartis raised its bid for the remaining 23% of Alcon from $153 per share to ...
Adoption of book-entry systems among private companies has lagged adoption among public companies, public company transfer agents, and broker-dealers. [2] This may be due to a number of misunderstandings and challenges unique to private company security issuance but, regardless, data suggest adoption of book-entry systems among private companies is growing rapidly.
Alcon Inc. (German: Alcon AG) is a Swiss-American pharmaceutical and medical device company specializing in eye care products. It has a paper headquarters in Geneva , Switzerland but its operational headquarters are in Fort Worth, Texas , United States , where it employs about 4,500 people.
Aerie (AERI) enters into an agreement with Alcon to be acquired for $770 million. Shares gain.
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
In finance and financial law, dematerialization refers to the substitution of paper-form securities by book-entry securities. This is a form of indirect holding system in which an intermediary, such as a broker or central securities depository, or the issuer (e.g., French system) holds a record of the ownership of shares usually in electronic format.
Nestlé owned 100% of Alcon in 1978. In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange. In 2008 Nestlé sold 24.8% of existing Alcon shares to the Swiss pharmaceutical giant Novartis. In 2010 Nestlé sold the remaining 52% of its Alcon shares to Novartis. Novartis paid a total of 39.1 bn USD.
In the US and many other countries, companies can use their cap table as the only system of record for recording stock ownership. US state laws support a concept of uncertificated, or book entry shares where the cap table is the formal legal record of equity ownership. [3]