share exchange

share exchange
A service offered by most unit-trust managements and life assurance companies, in which the trust or company takes over a client's shareholding and invests the proceeds in unit-trust funds, etc. , of the client's choice. The client is thereby saved the trouble and expense of disposing of his shares and if the shares are absorbed into the trust's or company's own portfolio he may receive a better price than he would on the market (i. e. he may receive the offer price rather than the bid price).

Big dictionary of business and management. 2014.

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  • share exchange offer — ➔ offer2 * * * share exchange offer UK US noun [C] FINANCE ► an offer that a company makes to exchange its shares for those of the shareholders of another company that it wants to take over: »In a friendly merger, the smaller company can agree to …   Financial and business terms

  • share for share exchange relief — Where a shareholder exchanges shares (the old holding) for other shares and/or non qualifying corporate bonds (the new holding) as part of a sale, reorganisation or reconstruction of a company, provided certain conditions are met, the shareholder …   Law dictionary

  • share exchange — A facility that is offered by investment trusts to take your shares and convert them into shares in the investment trust cheaply and easily …   Financial and business terms

  • articles of merger, consolidation, or share exchange — Document filed with Secretary of State setting forth terms and conditions of merger consolidation, or share exchange. See e.g., Rev.Model.Bus.Corp.Act No. 11.05 …   Black's law dictionary

  • articles of merger, consolidation, or share exchange — Document filed with Secretary of State setting forth terms and conditions of merger consolidation, or share exchange. See e.g., Rev.Model.Bus.Corp.Act No. 11.05 …   Black's law dictionary

  • registered share exchange — Exchange from bearer shares into registered shares. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • registered share exchange — Exchange from bearer shares into registered shares …   Euroclear glossary

  • Exchange — The marketplace in which shares, options and futures on stocks, bonds, commodities and indices are traded. Principal US stock exchanges are: New York Stock Exchange ( NYSE), American Stock Exchange ( AMEX) and the National Association of… …   Financial and business terms

  • exchange — An association of persons who participate in the business of buying or selling futures contracts or futures options. A forum or place where traders gather to buy or sell economic goods. With the advent of the computerized exchange, it is… …   Financial and business terms

  • exchange offer — An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock. Bloomberg Financial Dictionary See capital reorganisation ( EXOF) Euroclear Clearing and Settlement… …   Financial and business terms

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