Meaning of “exchange offer” in the English Dictionary

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"exchange offer" in Business English

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exchange offernoun [ C ]

uk us FINANCE

an occasion when a company offers to buy its own or another company's shares from existing shareholders offering securities (= financial assets such as shares and bonds) as payment instead of cash:

The mobile communications group improved 4.5p to 38.5p after agreeing a share exchange offer said to be worth 41.9p a share.

(Definition of “exchange offer” from the Cambridge Business English Dictionary © Cambridge University Press)