Equal shares swap(redirected from Equal Shares Swaps)
Equal shares swap
Equal Shares Swap
The sale of common stock in a publicly-traded company and the use of the proceeds to buy just as many convertible securities such that one may use the conversion option to have the same amount of common stock as before. For example, one may sell 1000 shares of AT&T and use the money to buy as many convertible bonds in AT&T as needed to be able to convert to 1000 shares. An equal shares swap gives the investor greater flexibility than simply owning the common stock while at the same time allowing the investor the ability to have the same amount of common stock if needed or desired.