Z as the fifth letter of a Nasdaq stock symbol indicates that the listing is a fifth class of preferred, a stub, a limited partnership interest, second class of warrants, or foreign preferred upon issuance.
FRIENDLY TAKEOVER consists of a straight buyout of a company, and happens all the time. The shareholders receive cash or (more commonly) an agreed-upon number of shares of the acquiring companys stock.
WHOLE LOAN is a mortgage pass-through or CMO backed by non-agency, single-family home mortgages.
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