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Stock swap
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{{distinguish|Equity swap}} {| class="wikitable" style="float: right;" border="1" width="400" "font-size:75%" |+Examples |- | *In 2010, two companies - [[Mirant]] and [[RRI Energy]] - came together to form [[GenOn Energy]]. The Mirant shareholders were given 2.885 shares of RRI for every share of Mirant that they owned. This stock swap helped facilitate the takeover by making the Mirant shareholders an attractive offer, thus convincing Mirant's board of directors to allow the takeover. *In 2014, South Korean Internet giant [[Daum Communications]] merged with Kakao Corp to form [[Daum Kakao]] in a stock swap deal. The merger ratio was approximately 1.14 so it is regarded as [[backdoor listing]] for Kakao. *In 2017, [[The Walt Disney Company|Disney]] acquired most of the [[21st Century Fox]] assets in an all-stock deal valued at $52 Billion ($66 Billion if debt is included). With the acquired company shareholders owning 25% of the combined company, and Disney shareholders owning 75% majority. |} In [[corporate finance]], a '''stock swap''' is the exchange of one equity-based asset for another, where, during the [[Mergers and acquisitions|merger or acquisition]], the swap provides an opportunity to [[Mergers_and_acquisitions#Stock|pay with stock]] rather than with cash; see {{slink|Mergers and acquisitions #Stock}}.
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