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His decision to exchange many stock options for far fewer shares of restricted stock, swapping potential upside for certainty, resulted in his losing more than $6 billion in potential gains.
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Carlton shareholders will receive 32percentt in a stock swap.
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The Mack-Cali Realtyesterdaythat sait yesterday that it would buy the Prentiss Properties Trust in a $900 million stock swap.
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Talks broke down over several issues, including the terms of the stock swap.
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