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1、Mergers&Acquisitions-合并與收購NO.272Followingaresomestandardtermsusedtodescribemergerandacquisitionactivity:(以下是一些用來描述并購事宜的標(biāo)準(zhǔn)術(shù)語:)Merger:合并Combinationoftwoormorecompanieseitherthroughapoolingofinterests,apurchase,oraconsolidation.Acquisition:收購Onecompanytakingovercontrollingofacorporation.3Takeover:
2、接收/接管Changeinthecontrollinginterestofacorporation.Leveragedbuyout:融資收購Takeoverofacompanyusingborrowedfunds.Followingaresomecolorfultermsusedtodescribemergerandacquisitionactivity:4(以下是一些用于描述合并和收購活動的較為形象生動的詞匯:)Poolingofinterests:利益共享Accountingmethodusedinthecombingormergerofcompaniesfollowinganac
3、quisition,wherebythebalancesheetsaresimplyaddedtogether.Crownjewels:拳頭部門Themostdesirableentitieswithinadiversifiedcorporationasmeasuredbyassetvalue,earningpower,andbusinessprospects.5Saturdaynightspecial:周末特別收購Suddenattemptbyonecompanytotakeoveranotherbymakingapublictenderoffer(offertobuyshares,
4、usuallyatapremium,withtheobjectiveoftakingcontrol).SleepingBeauty:睡美人Potentialtakeovertargetthathasnotbeenapproachedbyanacquirer.Sharkwatcher:預(yù)警員Firmspecializingintheearlydetectionoftakeoveractivity.6UsageFollowingaresomesentencesthatmakeuseofmergerandacquisitionterms:(以下是一些應(yīng)用并購事宜術(shù)語的例句:)Merger/a
5、cquisitionThatcompanylivesbymergersandacquisitions.Theyjustkeepgrowingandgrowing.TakeoverIthinkthatcompanyisripeforatakeover.Theyhavegreatmarketsharebutthey’reinpoorfinancialcondition.7LeveragedbuyoutThatleveragedbuyoutwassomesmartthinkingonyourpart.Wediversifiedourproductlineandexpandedourmarke
6、tsharewithoutlayingoutanycash.CrownjewelsInourlineupofhealthcareproducts,theCosmeticsdivisionisourcrownjewel.8SaturdaynightspecialThatannouncementsureblindsidedthem.ItwasaSaturdaynightspecialandwecaughtthemasleepatthewheel.SleepingBeautyIwonderwhichPrinceCharmingwillcourtthatSleepingBeauty.Shark
7、watcherTheyjusthiredasharkwatchertoavoidsuddendeath.9SummaryCompanymergersandacquisitionsaresocommonplacethatmostofthemgounnoticedbythegeneralpublic.Onlytransactionsinvolvinglargecompaniesand/orlargesumsofmoneyareconsideredn