BNET Business Dictionary

Business Definition for: Block Trade

the sale of a large round number of stocks or large amount of bonds

Additional Resources

SHENZHEN STOCK EXCHANGE LAUNCHING BLOCK TRADE: AsiaInfo Services 03-12-2002 Shenzhen Stock Exchange Launching Block Trade CHINA, Mar 12, 2002 AsiaPort via COMTEX -- Recently "Shenzhen Stock Exchange Block Trade Detailed Rules" have been issued actualizing. Then the stock market of Shenzhen takes on a prosperous trend. The...; Tags: Shenzhen Stock Exchange; Research articles 2002-03-12
AXIS Capital Announces Marsh Risk Capital Has Agreed to Sell 3.7 Million Shares in a Block Trade: PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today announced that Marsh & McLennan Risk Capital Holdings, Ltd. ("Marsh Risk Capital"), a subsidiary of Marsh & McLennan Companies, Inc., has agreed to sell 3.7 million of AXIS Capital's common shares in a block trade.; Tags: Axis; Research articles 2005-03-09
Endurance Announces Texas Pacific Group and Thomas H. Lee Partners Have Agreed to Sell 7.7 Million Ordinary Shares in a Block Trade: PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a global provider of property and casualty insurance and reinsurance, announced that two of its initial investors, Texas Pacific Group and Thomas H. Lee Partners, have agreed to sell approximately 7.7 million ordinary shares in a block trade.; Tags: Texas Pacific Group; Research articles 2005-08-10
AXIS Capital Announces Marsh Risk Capital Has Agreed to Sell 1.85 Million Shares in a Block Trade: PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that Marsh & McLennan Risk Capital Holdings, Ltd. ("Marsh Risk Capital"), a subsidiary of Marsh & McLennan Companies, Inc., has agreed to sell 1.85 million of AXIS Capital's common shares in a block trade.; Tags: Axis; Research articles 2005-08-18
AXIS Capital Announces JP Morgan Has Agreed to Sell Approximately 7.8 Million Shares in Block Trade: PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that JPMorgan Partners, a private equity affiliate of JPMorgan Chase & Co., and related entities ("JPMorgan") have agreed to sell approximately 7.8 million of AXIS Capital's common shares in a block trade. The shares to be sold...; Tags: Axis, J.P. Morgan Chase & Co.; Research articles 2005-08-09

AXIS Capital Announces Trident Has Agreed to Sell 3,150,000 Shares in a Block Trade: PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that Trident II, L.P. and related entities ("Trident") have agreed to sell 3,150,000 of AXIS Capital's common shares in a block trade (plus any additional shares that may be sold upon exercise of the underwriter's option to...; Tags: Axis; Research articles 2006-02-16
AXIS Capital Announces Trident Has Agreed to Sell 3,000,000 Shares in a Block Trade: PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that Trident II, L.P. and related entities ("Trident") have agreed to sell 3,000,000 of AXIS Capital's common shares in a block trade.; Tags: Axis; Research articles 2006-12-12
Forstmann Little & Co Sells General Semiconductor Stock in Block Trade: MELVILLE, N.Y.--BUSINESS WIRE--April 27, 1999-- General Semiconductor, Inc. (NYSE:SEM), a leading manufacturer of discrete semiconductors, today announced that partnerships affiliated with Forstmann Little & Co. sold their position in General Semiconductor (5,427,166 shares or 14.7% of the total outstanding) to Donaldson, Lufkin & Jenrette Securities Corp in a block...; Tags: Business Wire, Company, General Semiconductor, HARDWARE, Semiconductors, stock; Research articles 1999-04-27
Fairmont Hotels & Resorts agreed to sell 12 million units of Legacy Hotels Real Estate Investment Trust in a block trade to CIBC World Markets and Scotia Capital: Fairmont Hotels & Resorts agreed to sell 12 million units of Legacy Hotels Real Estate Investment Trust in a block trade to CIBC World Markets and Scotia Capital. The units will be sold for total proceeds of about $63 million. The sale reduces Fairmont's equity investment in Legacy to 23.7...; Tags: Fairmont Hotels & Resorts Inc., Legacy Hotels Real Estate Investment Trust; Research articles 2004-10-18
Endurance Initial Investors Agree to Sell 8 Million Shares in Block Trade: PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE:ENH) today announced that two of its initial investors, Texas Pacific Group and Thomas H. Lee Partners entities, have agreed to sell 8 million ordinary shares in a block trade. Goldman Sachs & Co. has agreed to purchase the ordinary shares from...; Tags: Endurance Specialty Holdings Ltd.; Research articles 2005-05-05
Endurance Announces Completion of 8 Million Share Block Trade by Initial Investors: PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE:ENH) today announced the completion of the sale by two of its initial investors, Texas Pacific Group and Thomas H. Lee Partners, of 8 million ordinary shares in a block trade. Goldman Sachs & Co. purchased the ordinary shares from Texas Pacific...; Tags: Endurance Specialty Holdings Ltd., Texas Pacific Group; Research articles 2005-05-10
Primus Guaranty Agrees to Block Trade: HAMILTON, Bermuda -- Primus Guaranty, Ltd. (NYSE:PRS) (the "Company") today announced that it agreed to purchase approximately 3.2 million shares of its common stock in a privately negotiated transaction, which is expected to settle on December 1, 2008. The Company agreed to pay $.70 per share for a total cost...; Tags: Primus Guaranty Ltd.; Research articles 2008-11-25
Bruker Daltonics Announces that Certain Stockholders Sold Two Million Shares in a Block Trade: Business/Technology Editors BILLERICA, Mass.--BUSINESS WIRE--Nov. 8, 2001 Bruker Daltonics Inc. (NASDAQ:BDAL) today reported that following the close of trading on November 7, 2001, four members of the Laukien Family each have sold 500,000 shares of Bruker Daltonics, or an aggregate of 2.0 million shares, in a block trade...; Tags: Bruker Daltonics Inc.; Research articles 2001-11-08
Goldman faces near [pounds sterling]5m loss on Punch Taverns trade.: Goldman Sachs is understood to be sitting on a near [pounds sterling]5m ([euro]7.1m) loss after handling a block trade in almost 55 milion shares in Punch Taverns.Goldman bought the 21.8% stake in Punch from venture capitalist Texas Pacific, beating off competition from Merrill Lynch and Deutsche...; Tags: FINANCE, Goldman Sachs Group Inc., Investment, Texas Pacific Group; Research articles 2003-12-10
Block Berne protocol action ... Three prominent computer trade groups - Software Publishers Association, Computer Business and Equipment Manufacturers Association and the Information Technology Association of America - want Washington to block efforts at: Block Berne Protocol Action... Three prominent computer trade groups -- Software Publishers Association, Computer Business and Equipment Manufacturers Association and the Information Technology Association of America -- want Washington to block efforts at the upcoming World Intellectual Property Organization WIPO meeting to develop a protocol...; Tags: America, computer, Information Technology Association, PRODUCTIVITY, Software Publishers Association, Washington, World Intellectual Property Organization; Research articles 1993-04-19
RUSSIA TAKES ISSUE WITH GEORGIA'S THREAT TO BLOCK WTO MEMBERSHIP: TX Deputy Economic Development and Trade Minister Maksim Medvedkov on 21 August characterized as "counterproductive" Georgian officials' hints the previous day that Tbilisi might block Russia's accession to the World Trade Organization WTO, CaTX Deputy Economic Development and Trade Minister Maksim Medvedkov on 21 August characterized as "counterproductive" Georgian officials'...; Tags: World Trade Organization; Research articles 2003-08-20
RUSSIA: RUSSIA TAKES ISSUE WITH GEORGIA'S THREAT TO BLOCK WTO MEMBERSHIP.(Brief Article): Deputy Economic Development and Trade Minister Maksim Medvedkov on 21 August characterized as "counterproductive" Georgian officials' hints the previous day that Tbilisi might block Russia's accession to the World Trade Organization WTO, Deputy Economic Development and Trade Minister Maksim Medvedkov on 21 August characterized...; Tags: World Trade Organization; Research articles 2003-08-24
Trade winds announces over two million ounce M Zone Gold resource from Block A, Detour Lake, Ontario.: M2 PRESSWIRE-30 October 2006-Trade Winds Ventures Inc.: Trade winds announces over two million ounce M Zone Gold resource from Block A, Detour Lake, OntarioC1994-2006 M2 COMMUNICATIONS LTD RDATE:30102006 Timmins, Ontario CANADA - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR...; Tags: Golder Associates Ltd.; Research articles 2006-10-30
Trade Winds announces over two million ounce M Zone Gold resource from block a, Detour Lake, Ontario.: M2 PRESSWIRE-30 October 2006-Trade Winds Ventures Inc.: Trade Winds announces over two million ounce M Zone Gold resource from block a, Detour Lake, OntarioC1994-2006 M2 COMMUNICATIONS LTD RDATE:27102006 Timmins, Ontario CANADA - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR...; Tags: Golder Associates Ltd.; Research articles 2006-10-30
Block Listing Application.: 12 October 2004 GROUP 4 SECURICOR PLC BLOCK LISTING APPLICATION Application has been made to the UK Listing Authority and to the London Stock Exchange for block listings totalling 1,500,000 ordinary shares of 25p each to trade on the...; Tags: London Stock Exchange Plc.; Research articles 2004-10-12

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