Template:M comp disc Equity Derivatives 12.1(f)-(k)
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Section 12.1. General Provisions Relating to Extraordinary Events
- 12.1(a). “Extraordinary Event”
- 12.1(b). “Merger Event”
- 12.1(c). “Merger Date”
- 12.1(d). “Tender Offer”
- 12.1(e). “Tender Offer Date”
- 12.1(f). “Share-for-Share”
- 12.1(g). “Share-for-Other”
- 12.1(h). “Share-for-Combined”
- 12.1(i). “New Shares”
- 12.1(j). “Other Consideration”
- 12.1(k). “Combined Consideration”
- 12.1(l). “Announcement Date”
- 12.1(m). “Implied Volatility”
- 12.1(n). “Affected Shares”
This composite page looks in a little more detail at the types of consideration that might apply in what we call a corporate event: a “Merger” — where two companies of roughly equal negotiation power team up, or a “Tender Offer” — what British establishment types used to call a “takeover” and most people these days call a “acquisition” — where a strong company consumes a weak one, by force (a “hostile takeover”), or by polite request to stop someone else doing it (a “white knight rescue”).