Board of Wynn Resorts Forcibly Buys Out Founder
The board of Wynn Resorts has accused Steve Wynn's former ally, Kazuo Okada, of making improper payments and forcibly bought out his 20% stake in the company at a steep discount.
InBev's $52 billion deal to buy St. Louis-based Anheuser-Busch hit a snag this week, when the Belgian brewer announced that it was forced to postpone a $9.8 billion rights offering intended to help fund the purchase.
The gleanings turn out to be a mixture of the obvious, the paradoxical and the ambiguous. Take emotion. Brain-imaging experiments suggest that older people are better at regulating it. Young people get more neurologically fired up at the prospect of loss. And they are less willing to pass up a small reward today for a greater one tomorrow; in other words, they “discount” the future more steeply than the older people, even though it is the oldies who, with their limited time horizon, ought to be the big temporal discounters.
1 〈坂などが〉険しい, 急な；〈増加などが〉急激な
a steep slope
The roof is steep.
2 〈値段・金額が〉不当に高い, 法外な；〈仕事などが〉ひどく骨のおれる；〈要求などが〉不当な, 酷な, 〈話などが〉おおげさな, 信じられない
a steep tax
a steep task
a pretty steep tale
That's ［It's］ a bit steep.
[名]急勾配の場所, 急な坂, 断崖(だんがい)；（丘などの）傾斜面
climb a steep
［古英語stēap（高い）. stūpian（前にかたむく）と同系. △STOOP1］
1 〈物を〉（液体に）浸す, つける((in ...))；…を浸してふやかす；…をぬらす；…をせんじる, 振り出す；((通例過去分詞形))…をずぶぬれにする, …に水分をしみ込ませる
a courser steeped in sweat
2 ((受身または〜 -self))（学問などに）没頭する, 夢中になる；（悪事に）すっかり染まる((in ...))
He steeped himself ［＝was steeped］ in English literature.
He is steeped in crime.
1 （水などに）つかって［浸って］いる((in ...)).
[名] [U] [C]浸す［浸される］こと；浸されて［つかって］いる状態；浸す液
be in steep
Issuing rights to a company's existing shareholders to buy a proportional number of additional securities at a given price (usually at a discount) within a fixed period.
Rights are often transferable, allowing the holder to sell them on the open market.
Not sure what to do if a company invites you to buy more shares at discount? Here are some of your options. Understanding Rights Issues
v., -count·ed, -count·ing, -counts. v.tr.
- To deduct or subtract from a cost or price.
- To purchase or sell (a bill, note, or other commercial paper) at a reduction equal to the amount of interest that will accumulate before it matures.
- To lend money on (a commercial paper not immediately payable) after deducting the interest.
- To sell or offer for sale at a reduced price.
- To reduce in quantity or value.
- To leave out of account as being untrustworthy or exaggerated; disregard: discount a rumor.
- To underestimate the significance or effectiveness of; minimize: took care not to discount his wife's accomplishments.
- To regard with doubt or disbelief.
- To anticipate and make allowance for; reckon with in advance.
To lend money after deduction of interest.
- A reduction from the full or standard amount of a price or debt.
- The interest deducted prior to purchasing, selling, or lending a commercial paper; the discount rate.
- The act or an instance of discounting a bill of exchange, note, or other commercial paper.
[Alteration (influenced by DIS-COUNT1) of French décompter, from Old French desconter : des-, away; see dis- + conter, to count; see count1.]discountable dis'count'a·ble adj.