The same amount of stock, after the announcement, was worth slightly more than half as much.
"Directors are more independent when they have a good amount of stock," he said.
A small amount of stock is kept on the premises.
Selling the same amount of stock would cost about $10,000 in commissions.
Such an action would require Chrysler to issue a significant amount of new stock.
Taking control will allow you to free up cash, while also having the right amount of stock on hand.
By 1923 the state legislature limited the amount of stock that could be sold in a well.
Still, huge amounts of stock could change hands at the close.
It could be worth considerably more, depending on the amount of stock involved.
He said the amount of additional common stock would be subject to negotiation.