Exchange Ratio

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Exchange Ratio

The number of new shares in an acquiring firm that are given for each outstanding share of an acquired firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Exchange Ratio

In mergers and acquisitions, the number of shares an acquiring firm distributes for each validly rendered share of the acquired company. Each exchange ratio is calculated in accordance to the merger or acquisition agreement. Factors considered in determining the ratio are the relative value of each company prior to the closing of the merger or acquisition, any potential tax advantages for both parties, and applicable regulations.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The genesis of this debate started with the experience of the Korean War where USAF F-86 pilots ran up a 10:1 kill ratio over their North Korean and Chinese opponents.
at 43 (footnote omitted); see also Donald Fisher Harrison, Computers, Electronic Data, and the Vietnam War, 26 ARCHIVARIA 18, 22 (Summer 1988) (discussing statistical reporting systems and how units were judged using body count and kill ratios).
We did observe that the pistols and carbines in some scenarios gave a better kill ratio than the laser-pointed ones.
This is a kill ratio of more than 100 Palestinians to every one Israeli.
The morning shoot had gone well, with a 1.5 round average per shotshell to bird-on-the-ground kill ratio. The Black Cloud No.
The experienced Polish and Czech squadrons achieved a better kill ratio against the Germans than the British squadrons.
They achieved a kill ratio of 10:1 over their Chinese and North Korean opponents ...
What was missing was a call for the "kill ratio," i.e., how many troopers, non-coms, etc.
I was later told by doctors who were there in Gaza during Israel's onslaught that Gaza had become Israel's veritable weapons testing laboratory, people used to test and improve the kill ratio of their weapons.
I was later told by doctors who were there in Gaza during IsraelAAEs onslaught that Gaza had become IsraelAAEs veritable weapons testing laboratory, people used to test and improve the kill ratio of their weapons.
You get a ranking or 'kill ratio' and I am currently about 200,000th in the world, which is better than average!
The award submission focused heavily on the F-22's performance during the 2006 Northern Edge exercise where Raptors flew 97 percent of their assigned training sorties, F-22 pilots scored an "unheard of" 80-to-1 kill ratio against their opponents, scored direct hits with 100 percent of their 1,000-pound GBU-32 joint direct attack munition air-to-ground weapons, and increased overall situational awareness for their entire team through the F-22's integrated avionics package.