Specifically, Lehman will offer three million shares of noncumulative perpetual convertiblepreferredstock.
雷曼兄弟此次将发售三百万股非累积永久性可转换优先股。
2
ConvertiblePreferredstock Preferred stock that can be converted into common stock at the option of the holder.
可转换优先股持有人有权选择转换成为普通股的优先股。
3
Firstly, this paper argues that convertiblepreferredstock can not only allocate residual claims between investors and entrepreneurs, but also assign control rights.