The Big Question: What Is a Lockup Period?
May 5 (Bloomberg) -- Often after a company goes public, founders, backers and employees that possess privately held shares are restricted from selling those shares on the open market for a period of time that typically lasts 3 or 6 months. Bloomberg's Willem Marx explains why.
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BBHO Tops Rinehart's Bid for Kidman Cattle Empire
38:57 - A group of Australia cattle grazers has made a rival bid of nearly $300M for the giant outback cattle stations of S. Kidman & Co. That offer beets the one made by mining billionaire Gina Rinehart and her Chinese business partner. Bloomberg's Paul Allen reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)