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In finance, corporate law and securities law, an exchange offer is a form of tender offer [1] in which securities are offered as consideration instead of cash. In a bond exchange offer , [ 2 ] bondholders may consensually exchange their existing bonds for another class of debt or equity securities.
An exchange student typically stays in the host country for a period of 6 to 12 months; however, exchange students may opt to stay for one semester at a time. International students or those on study abroad programs may stay in the host country for several years. Some exchange programs also offer academic credit. [3]
A tender offer is a proposal to buy shares of stock from the stockholders for cash or some type of corporate security of the acquiring company. Since the mid-1960s, cash tender offers for corporate takeovers have become favored over the traditional alternative, the proxy campaign. A proxy campaign is an attempt to obtain the votes of enough ...
Each exchange offer is subject to the condition that a minimum of $500 million aggregate principal amount of new notes of the relevant series be issued in exchange for old notes of the relevant ...
Form S-4 is a form filed with the U.S. Securities and Exchange Commission relating to a business combination or exchange offer. This filing contains details relating to share distribution, amounts, terms, and other information relating to any merger or exchange offers.
Crosstex Energy Commences Registered Exchange Offer for Previously Issued 7⅛ Percent Senior Notes due 2022 DALLAS--(BUSINESS WIRE)-- Crosstex Energy, L.P. (NAS: XTEX) (the Partnership) announced ...
Radian Announces Results of Exchange Offer PHILADELPHIA--(BUSINESS WIRE)-- Radian Group Inc. (NYS: RDN) today announced the expiration of its offer to eligible holders to exchange any and all of ...
In finance, a holdout problem occurs when a bond issuer is in default or nears default, and launches an exchange offer in an attempt to restructure debt held by existing bond holders. Such exchange offers typically require the consent of holders of some minimum portion of the total outstanding debt, often in excess of 90%, because, unless the ...