I believe what I/O is saying is;
Eg.
Say Apple is buying us, there stock is currently at $524.94 and the purchase price for each Poet share is $75.00
Instead of paying $75.00 cash for Poet, they'll offer (2 options)
- the value of Apple shares, say for every 7 Poet shares, you'll get 1 Apple share.
- Or a combination of shares and cash, eg. for every 10 shares of Poet, you get 1 Apple share + $22.50 per share