Actual Exchange Ratio shows how many acquirer shares a target shareholder actually receives per target share, based on the stock portion of the deal. It differs from the nominal exchange ratio, which is a theoretical all-stock benchmark. The Actual Exchange Ratio is a practical, deal-specific measure of how the stock portion of the consideration converts into actual shares.
Learn Actual Exchange Ratio with interactive examples and practice exercises in our Mergers and Acquisitions module.
This interactive learning module helps you understand Actual Exchange Ratio through hands-on practice and real-world examples.