GBP-USD stabilizes around 13050
- George Solotarov
- English
- MARKETS NEWS
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AWARDS
Selling the USD/CAD pair continues to be under pressure for the second consecutive session
- George Solotarov
- English
- MARKETS NEWS
- Hits: 1576
The pair continued sliding down from quarterly highs and remains under
American Depositary Receipt (or ADR, for short). This is a way of allowing shares of foreign companies to be traded in the USA. In this case, the use of their local stock exchanges is not required.
For ADRs to be traded on U.S. exchanges, just like U.S. shares, a financial institution (usually a U.S. bank) buys in bulk a large number of shares of a particular company and then reissues them on the stock exchange.
Acquisitions of companies are made by other companies, usually for growth purposes.
This is done in two ways: aggressive or friendly.
The aggressive way is when one company buys out most of the shares of another company (controlling interest).
Whereas a friendly way is to sell by appointment.
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