Glossary
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- Takeover bids and share exchange offers »
- legal acquisition processes of listed companies. A takeover bid is a cash-paid buyback of the shares in circulation, whereas in a share exchange offer shareholders get shares of the buyer company in exchange for their shares of the target company. The target company can agree to the offer or not, in which case the bid is called an “unsolicited tender offer”.
- Tax allowance »
- it is the threshold amount of capital gains on securities under which Capital Gains Taxes do not apply. Dividends thus benefit from a tax allowance of € 2,440 for a married couple, and € 1,220 for a single person.
- Threshold »
- In France, from a certain percentage and up of a company's capital bought or sold, the buyer or seller is under a legal obligation to submit a declaration to the AMF, stating the number of shares held and, if any, their intentions concerning the company subject to the transaction.
- Trading halt »
- in France, suspension of the quotation of a financial instrument decided either by an issuer, a market operator, the President of the AMF, or the Minister for Economy and Finance. Trade halts are generally decided when information or an operation are liable to have an impact on the share price of one or more securities, so as to prevent speculation. These halts usually last from a few hours to a few days.
- Treasury stock »
- part of a company’s capital owned by the company itself. Treasury stock shares do not give access to voting rights or dividends, and are not counted in the calculation of Earnings per Share.








