English version

exchange of shares

From Longman Business Dictionaryexchange of sharesexˌchange of ˈshares noun (plural exchanges of shares) [countable]FINANCE when one company takes over another or joins with it, a part of the agreement that gives shareholders in each company shares in the otherThe two telecommunication companies have moved closer to an alliance by announcing they will pursue an exchange of shares.
Pictures of the day
What are these?
Click on the pictures to check.