The merger had been delayed because of concerns about Genzyme's accounting and its four tracking stocks.
Celera and Applied Biosystems are both tracking stocks for a larger corporation called Applera .
In June, Genzyme will consolidate all three divisions by eliminating the tracking stocks for Molecular Oncology and Biosurgery.
Shares of the conglomerate's three tracking stocks--Liberty Interactive Group, Liberty Capital and Liberty Entertainment--have been hammered this year.
Worse, investors in tracking stocks may forgo the chance to profit from takeovers of the units they have invested in.
But the continuing administrative costs of maintaining tracking stocks can be substantial.
Unfortunately, tracking stocks are at best a mixed bag (see table).
Investors too might temper their enthusiasm for tracking stocks, by giving some thought to how they might perform in a sharply falling market.
Another attraction is that highly priced tracking stocks might one day be used as a richly valued currency with which to acquire other businesses.
According to data from Spin-Off Advisors, a Chicago-based research firm, the average overall return on tracking stocks since they each began trading is 30% .
Leapfrog your chicken shareholders with "carve-outs" and tracking stocks?
They may use tracking stocks defensively, to protect their original share prices from the impact of risky new ventures, rather than to chase the money that flows from the high market valuations of dot.com ventures.
Thus, a low-volume ETF tracking active stocks can be more resilient to buying and selling than it might appear.
So her daughter has spent many hours tracking down stocks, real estate, mutual funds and bank accounts that were sold or closed long ago.
This includes all my email correspondence (both gmail and corporate), all my relevant news, tracking my newsletter stocks (as well as my own personal holdings), banking, driving navigation, picturing taking, music playback, video recording, comic book reading, ebook reading, and movie watching.
That means broker sold funds cost clients 10 times more than an ETF tracking a similar group of stocks.
Stocks were also tracking a negative trading session in Asia, where Hong Kong's Hang Seng index closed down 2.2% and the Nikkei 225 was off by 0.8%.
The financial crisis trumped seasonal market forces from October 2007 through August 2009, but stocks have been tracking historical patterns pretty closely since the fall of 2009, Mr. Hirsch says.
Asian stocks were mostly lower, tracking weakness in U.S. markets.
Which means that if we are tracking the 1975-76 bull market, stocks have another 10% to 15% rise to go.
The firm will also try to keep at least 95% of the funds invested in the components of whatever index they are tracking, at least 80% of the funds in stocks.
According to a registration statement filed with the U.S. Securities and Exchange Commission, the ETFs will be based on indexes that track dividend-paying stocks, a twist on the traditional style of tracking the large U.S. and foreign market indexes.
The SEC has already proposed a number of changes designed to address their growing influence, including extra restrictions on broker-dealers that provide direct market access to high frequency traders, a trader tracking system for large traders, circuit breakers that would slow trading in individual stocks if they fall more than 10%, and new rules for off-exchange trading venues.
U.S. mutual funds that invested in large growth stocks in 2012 returned an average of 15.3%, while the similar ETFs tracking the index returned 16.4%, according to Morningstar.
European stocks hauled themselves out of a week of languishing in the doldrums to trade higher on Friday, tracking shares in Asia while also digesting reports that the board of Citigroup was meeting on Friday to discuss whether the bank should sell itself.
Technology stocks had been leading the charge for the past month, but last week the Nasdaq-100-tracking PowerShares QQQ Trust ( QQQ) as was up only 1%.
Foreign investment flows into emerging market stocks and bond funds slowed in the week to March 7, according to EPFR Global, a fund tracking service in Cambridge, Mass.
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