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

super- +‎ voting

Examples

  • Spencer Rascoff , chief executive of Zillow Inc., doesn't hold shares with extra voting rights, known as supervoting shares, in the company.

    Corrections & Amplifications

  • 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.

    A Gm Discount For Kerkorian? Nope.

  • Trade regular Neiman and Gartner shares back to those companies in return for "supervoting" shares that will elect 80 percent of the companies 'boards.

    Leaping Through The Loopholes

  • 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.

    MIKE TO MIKE: HEY, I FEEL YOUR PAIN

  • 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?

  • 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

  • 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

  • Magna said that represented a premium of 1,799% per supervoting share over the regular shares.

    Investors Buyings Votes at Viacom

  • 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

  • Such moves can involve a big sweetener for supervoting shareholders.

    Investors Buyings Votes at Viacom

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.