BREAKING SYNDICATE
\bɹˈe͡ɪkɪŋ sˈɪndɪkˌe͡ɪt], \bɹˈeɪkɪŋ sˈɪndɪkˌeɪt], \b_ɹ_ˈeɪ_k_ɪ_ŋ s_ˈɪ_n_d_ɪ_k_ˌeɪ_t]\
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The process of disbanding the group of UNDERWRITERS involved in pricing, marketing, and distributing a NEW ISSUE of securities. Once the SYNDICATE is broken the underwriters are free to trade securities in the SECONDARY MARKET without restriction. A typical syndicate is broken 30 days after initial launch, though it can be broken earlier by mutual agreement of the underwriters.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.