Conversion of stock exchange from any other business form to a company is known as
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Demutualization. In demutualization, members usually get a "windfall" payout.
It can be in the form of shares, a cash payment, or they can both be combined.
Mutualization is the opposite process in which a shareholder company becomes a mutual organization through a takeover by an existing organization.
Re-mutualization is a process of aligning the goals and interests of the members of a mutual society.
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