Combination by exchange of stocks is the merger between two listed companies , by head company issues new stocks to exchange target companies " stocks held by shareholders . it is the method most in use in western societies , and has mature basis of converting stocks 兩個(gè)上市公司之間的換股合并是指主并企業(yè)發(fā)行新股去換取目標(biāo)企業(yè)的股票,這種方法在西方證券市場(chǎng)上經(jīng)常被使用,其股票的轉(zhuǎn)換具有成熟的基礎(chǔ)。