换股合并：以证券而非现金为交易对价的要约收购。
Exchange Offers: Tender offer where the consideration is securities rather than cash.
基金已经成为了证券市场中一股不可忽视的，举足轻重的庞大力量。
The Mutual fund already become to a noticeable, pivotal huge strength of the securities market.
基金已经成为了证券市场中一股不可忽视的，举足轻重的庞大力量。
The Mutual fund already become to a noticeable, pivotal huge strength of the securities market.
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