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13:55 Jan 19, 2004
English to French translations [PRO] Bus/Financial / merger
The agreement, which has been unanimously approved by the boards of directors of both companies, provides for a stock-for-stock merger in which 1.32 shares of company X common stock will be exchanged, on a tax-free basis, for each share of company Y common stock.
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1 hr confidence: peer agreement (net): +1
fusion sur base action-contre-action
Explanation: On échange l'action d'une société contre une l'action (proportion variable) d'une autre société.
mtgtrip Romania Local time: 19:25 PRO pts in pair: 11