The term 'two-to-one' refers to a type of MERGER, which is a business transaction in which two companies combine forces to form a single entity. In a two-to-one MERGER, one company acquires another and the shareholders of the acquired company receive two shares of the acquiring company for each share they own. This type of MERGER is also known as a stock-for-stock MERGER. It is often used when two companies have complementary products or services and can benefit from combining their resources.