票作为对价。
Tips
在收购中“攻城拔寨”和“改朝换代”各有千秋，重要的是选择适合你的方式。
Alfred Rappaport and Mark L.Sirower,Stock or Cash？：The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions,Harvard Business Review on Mergers and Acquisitions,Harvard Business School Press，【2001】.
Kathleen Morris,The Global Titan of Hotels,Business Week,Nov.3,1997;Starwood Answers Hilton with Higher Offer for ITT,AP,Nov.7,1997.
Judith Evans,ITT Spurns Both Takeover Offers;If Reelected,Board to Push for Higher Bid From Hilton or Starwood,The Washington Post,Nov.7,1997.
Judith Evans,Starwood Counters Hilton With Higher Bid for ITT,The Washington Post,Nov.8,1997.
Judith Evans,Hilton Says It Won't Try to Top Starwood's ITT Bid,The Washington Post,Nov.11,1997;ITT Wins Proxy Battle,CNN Money,Nov.12,1997;Judith Evans,ITT Shareholders Reject Hilton's Takeover Bid,The Washington Post,Nov.13,1997;Kenneth N.Gilpin,Shareholders of ITT Reject Hostile Takeover by Hilton,The New York Times,Nov.13,1997;Ronald Grover,Kathleen Morris and Jeffrey M.Laderman,Hilton's CEO Just Won't Check Out,Business Week,Nov.17,1997;Pat Wechsler & Kelley Holland,ITT Books A Bridal Suite,Business Week,Nov.24,1997;Melanie Warner,How Barry Sternlicht Became the King of Hotels,Fortune，Dec.8,1997.
Alfred Rappaport and Mark L.Sirower,Stock or Cash？：The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions,Harvard Business Review on Mergers and Acquisitions，78-81,Harvard Business School Press【2001】.
Conseco Buying Green Tree,CNN Money,Apr.7,1998.