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First closing date |
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First closing dateThe first closing date is one of the milestones in the process by which one company takes over another.Takeover bids involving companies quoted on the London Stock Exchange are governed by a code laid down by the City's Panel on Takeovers and Mergers. One of the most important functions of the code is to set a timetable for the bid which the parties have to stick to.Once a bid has been launched, the bidding company has 28 days to send its offer document to the target company, and then the offer has to be left open for a minimum of 21 days. That point is the first closing date.Similar MatchesClosing CostsClosing CostsExpenses, beyond the selling price, such as loan fees, title fees, etc. Paid when documents are executed and/or recorded and the sale is complete. Closing TRINClosing TRINSee: TRIN Closing tickClosing tickThe net of the number of stocks whose closing prices are higher than their previous trades (uptick) against the number of stocks whose closing prices were lower than their previous trades (downtick). A positive closing tick indicates "buying at the close", or a bullish market; a negative closing tick indicates "selling at the close," or a bearish market. See: TRIN. Closing priceClosing priceThe closing price is the last price for a tradable instrument at the time the market closes. On the London Stock Exchange:For shares traded on the automated SETS platform, the closing price is the last automatic trade price, or the uncrossing trade price at which orders execute during an auction, or a Volume Weighted Average Price (VWAP)For SEAQ, SEATS and AIM securities the closing price is the best bid, offer and mid price calculated from market maker quotes at the end of the mandatory quote period. Agency closingAgency closingThe process in which a lender uses a title company or other firm as an agent to complete a loan. Further Suggestionsclosing rangeclosing sale Closing transaction Closing Statement Closing range closing 52 week low closing purchase Closing Closing costs Closing closing 52 week high |
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