It would pay the deferred consideration; increase the working capital for the enlarged group; and improve the marketability of the shares.
A spokesman for Yucaipa said the partnership hadn't had time to study Craig's proposal but called the recapitalization appealing "on the surface" because it may enhance the stock's marketability and provide new funds for investment.
For example, Silicon Graphics computers are capable of three-dimensional imaging used by automotive companies to simulate car wrecks, but of little marketability to more mainstream businesses, such as stock brokerages, he said.
"We warned him," says Ed Dell, the publisher, who was skeptical of the book's marketability.
A specific provision would then have to be made against profits. This is an odd reflection on the nature of bank provisioning, which is designed to deal with the problem of the lack of marketability of bank assets.
Along the marketability "continuum," though, shopping centers and office towers are "toward the book-value end." Regulatory reform is in the air, and Ms. Woodward is all for interstate banking and ending Glass-Steagall.
Mr. Johnson, an affable former college football player, acknowledges that these things once limited her "marketability," but no longer.
The coupons and payment dates of the debt to be auctioned will remain unchanged. Baring Brothers said the move would enhance significantly the marketability of BT's debt and widen its third party investor base.
"It has some positive marketability for both companies," she said.
We rely on our local surveyors to advise us on marketability.' Which properties should you avoid if you need a mortgage?
But it is keen to improve the system's marketability. That concern will be at the centre of Reuters' discussions with its partners in April - although it is possible a resolution could come earlier.
Santa Monica runners attend speech and acting classes to enhance their marketability as commercial spokesmen.
Mr Bernard Kerrison, chairman and chief executive, said the move was intended to improve the marketability of the shares as Panmure was geared more towards smaller companies.
Betterware's shares recovered after an early fall to close 8p down at 240p. Mr Cohen said the sales were in response to demand for the company's shares, which were tightly held, and the sale would improve their marketability.
Stock splits will be considered only if the stock's market value is so high that it limits marketability, he said.