Share Conversion/Exchange

Description

This smart field captures provisions addressing the principal conversion or exchange of shares as part of a merger or arrangement transaction, including any exchange ratio used for such conversion or exchange. It generally does not capture provisions dealing with the treatment of shares held by purchaser or by dissenting shareholders, nor does it address the treatment of treasury shares or any conversion/exchange of shares that is purely structural in nature. This smart field applies primarily to share and mixed consideration deals. This smart field was trained on arrangement agreements and merger agreements.