share exchange offer
noun[C]
FINANCEukusanofferthat acompanymakes toexchangeitssharesfor those of theshareholdersof anothercompanythat itwantsto take over:
In afriendlymerger, thesmallercompanycanagreeto make theshareexchangeofferfor thelargercompanyinordertomaintainitsstockmarketlisting.