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View Diary: Did Mitt Romney Vote "Yes" to ship Sensata jobs to China? (19 comments)

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  •  TeamS - my understanding is that Bain Capital (0+ / 0-)

    investment partnerships own a majority interest in Sensata. I don't know who owns the rest, but I thought it was other private equity funds, plus the management and other minority shareholders like Romney.

    "Partnership Distribution" isn't exactly a status, it's an ownership interest in a specific private equity investment partnership. It allows you to receive a share of profits either in cash or "in kind", typically shares and that is what happened in this case. Once you have received the shares you have all the rights of any shareholder. However, being a minority shareholder has few rights, other than your right as a shareholder to receive your pro rata share of any dividends that are declared for your class of stock or sale proceeds when the company is sold.

    TeamS - I am a nice person and it appears from your diary that you are not familiar with corporate finance legal issues and how private equity partnerships actually work. I was trying to fill in some gaps. Sorry if it isn't helpful.  

    "let's talk about that"

    by VClib on Sun Oct 21, 2012 at 12:01:26 PM PDT

    [ Parent ]

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