exchange of shares
noun[CorU]
UKukus(USexchange of stock)FINANCE
anagreementwhen twocompaniesmerge(=becomeonecompany)or onetakesover the other, givingshareholdersin eachcompanysharesin the othercompany:
25% of thebusinesswassoldto TarquinLtd., by way of anexchangeofshares.