investors have played a major role in Latin America's growth over the past decade, though mechanisms such as American depository receipts
American Depository Receipts
are negotiable certificates that are used for trading foreign securities held in American banks.
IES Industries, an electric utility, purchased American Depository Receipts
(ADRs) at market price plus 85% of the expected gross dividend (net of the 15% foreign withholding tax).
Vladislav Filyov, the head of Russian regional carrier Sibir, has stated that his company will carry out an issue of American Depository Receipts
after the planned merger with Vnukovo Airlines is complete.
An estimated one-tenth of Marconi shares will now be traded on the Nasdaq exchange through American Depository Receipts
, a certificate of share ownership allowing investors to deal in non-US companies.
The bank deals in American Depository Receipts
, which allow people in the US to buy shares in Cambridgeshire-based Huntingdon Life Sciences.
Many have issued American Depository Receipts
(ADRs) in order to access U.S.
The shares, in the form of American Depository Receipts
(ADRs), will trade under the company's new ticker called MONI.
(Riverwoods, IL) is now offering daily capital changes information on more than 2200 companies with equity securities that are either American Depository Receipts
(ADRs) or global equity securities.
In a complex deal Alcan will buy the other two firms for stock - paying 20.6921 shares for each Algroup share while Pechiney's shareholders will receive 1.7816 shares for each class A share, 1.9598 Alcan shares for each preferred share, and 0.8908 share for each of their American Depository Receipts
. At the end of the day Alcan's shareholders will control 44 per cent of the company, leaving Pechiney with 29 per cent and Algroup with 27 per cent.
It invests in a portfolio of about 60 to 80 US and non-US equity securities, including American Depository Receipts
, generally of companies with market capitalizations greater than USD2bn, and may include investments in emerging markets.