股权互换的中文解释

指在企业收购或合并行动中，股权的转移完全或部分地以换股的方式进行，通常是收购方发行新股，换取被收购公司的股权。有时亦采用新成立一家公司，以新公司的股票换取合并双方的股权，换股的比例反映两家公司的资产估值。

Equity Swap的英文解释

A corporate takeover or merger that does not involve cash, but that is carried out by the exchange of shares in one company for those in the other. Sometimes shares in two companies will be swapped for equity in a third newly-created enterprise in a ratio reflecting the underlying assets or worth of the two companies merging.

• involve [in´vɔlv]   vt.卷缠；包括；使专注   (初中英语单词)
• enterprise [´entəpraiz]   n.企业；雄心；胆识   (初中英语单词)
• equity [´ekwiti]   n.公平；公正   (英语六级单词)
• underlying [,ʌndə´laiiŋ]   a.基础的；下层的   (英语六级单词)