They, too, would incur capital gains taxes on selling their teams, unless some type of complex tax-free exchange can be worked out.

Peoples will offer 1.26 of its common shares, worth about $25.60, for each Family share in a tax-free exchange.

Under terms of the definitive agreement, the deal will be structured as a tax-free exchange.

The merger would involve a tax-free exchange of stock for securities in a new holding company.

One is tax-free exchanges, which are often used in real estate.

The stock swap was intended to provide a tax-free exchange.

It then merges with the acquiring company through a tax-free exchange of stock.

"People do not know what to buy, even if it is a tax-free exchange."

He said it would be accomplished in a tax-free exchange of shares.

The transaction will be a tax-free exchange, accounted for as a pooling of interests.