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An all-stock transaction

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Latest post Sun, Jan 29 2006 10:33 AM by Hly2004. 1 replies.
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Behnazzz  +  190284 Sun, 29 Jan 06 08:52 AM

in an all-stock transaction, Walt Disney will take over Pixar and bring its chief executive, Steve Jobs, onto its board.

Hi

What is the meaning of an all-stock transaction,please?

Under the agreement, 2.3 Disney shares will be issued for each Pixar share.

What is the meaning of the part in bold?

ThnaksSmile [:)]
Behnazzz
Joined on Wed, Aug 3 2005
Full Member 225
Hly2004  +  190289 Sun, 29 Jan 06 10:33 AM

I'm a finance illiterate , Stick out tongue [:P]

My bold guess:

(1)

all-stock transaction means "one company purchases all shares of another company"

It's like a buyout (one company purchases a controlling interest in another company)

(2)

Since pixar is no longer a comany, its shares must be replaced with an exchange rate of 1 to 2.3 with Disney shares.
Hly2004
Joined on Sun, Nov 20 2005
Regular Member 717
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