At the time, the stock swap was valued at more than $512 million.
The remaining two-thirds would be traded in a stock swap.
Analysts have said that a merger most likely would involve a stock swap.
At that price, the stock swap would be worth about $1.05 billion.
Under the terms outlined earlier, the companies said they would merge through a $725 million stock swap.
Talks broke down over several issues, including the terms of the stock swap.
Initially, both companies appeared to be concerned about the price of a deal, which was to have been structured as a stock swap.
The proposed merger calls for a stock swap valued at $2.7 billion.
Such stock swaps seem like a great idea for all concerned, and it will be no surprise if a trend is born.
The stock swap is valued at about $720 million.
