Arbitrageurs take advantage of mergers that are likely to be financed in part through a share swap.
Times, Sunday Times
The merger through a one-for-one share swap will create a business with a market capitalisation of €40 billion, annual sales of €32 billion and underlying ebitda profits of €6.5 billion.
Times, Sunday Times
The turning point came in 2007, when a vast share swap allowed the company to cut its mountain of debt from 6.4 billion to 2.3 billion.
Times, Sunday Times
The companies are negotiating a $23 billion (13.9 billion) cash and share swap deal aimed at an eventual full merger.
Times, Sunday Times
For institutions, the real issue appears to be the terms of a share swap.
Times, Sunday Times