Refers to the division between cash and stock in a takeover offer. Often a takeover is a combination of cash and the acquiring firm`s equity. Shareholders can elect to take cash or equity. After the election is made, the stock is prorated. For example, if the takeover offer was 500 million in cash and 500 million in shares, if everybody elected cas... Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm
noun the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each producer Found on https://www.encyclo.co.uk/local/20974