Tracking stocks return in BofA plan

Author: | Published: 15 Sep 2011
Bank of America’s inclusion of tracking stocks in its contingency plan requested by the Federal Reserve is the first mention of the security in a long time. But attorneys say it does not herald its return

Tracking stocks were a popular way for a company to raise liquidity and bolster balance sheet equities in 1990s. But accounting regulations and corporate governance oversight have made them less practical in recent years.

The Sarbanes-Oxley Act made it...


 

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