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
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See capital reorganisation ( EXOF) Euroclear Clearing and Settlement glossary
Offer to shareholders to exchange their holdings for other securities and/or cash. Exchange offers are usually voluntary and involve the exchange of an outstanding security for a different security or securities and/or cash. Euroclear Clearing and Settlement glossary
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exchange offer UK US noun [C] 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.
Financial and business terms. 2012.