A practice for simplifying a company's shareholder records by consolidating shares from small shareholders to larger interests such as institutional clients. An odd-lot resale requires the company to purchase shares from odd-lot shareholders, then repackage and resell them in larger lots to institutional investors and other large-quantity shareholders.
Related information about odd-lot resale:
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Odd-Lot Resale: An offer made by the corporation or its agent to purchase shares from odd-lot shareholders and immediately resell them in the market, usually ...
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