Understanding Expressions: give the best explanation for each of these phrases used in the text. — КиберПедия 

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Understanding Expressions: give the best explanation for each of these phrases used in the text.

2017-10-16 309
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To get a tax write-off; to recombine a business; to purchase a bulk of a second company's stock; to create an uneven balance of ownership; to expand a corporation; to trigger litigation regarding monopoly laws; to control a company’s assets; to make a bid; economies of scale and market dominance; to penetrate into new markets.

 

According to the text, mark these statements T (true) or F (false).

1. Only companies specializing in the same kind of activities can merge.

2. A merger, an acquisition and a takeover are similar processes.

3. The entire merger process is usually kept secret from the general public.

4. Some companies seek for merging because they want to use losses of other companies as a tax write-off.

5. Many companies merge because they want to expand and penetrate into new markets.

6. The process of an acquisition is always hostile and painful.

7. International merging is the result of the globalization.

 

Give the best definition for the following economic terms.

A merger, a bid, a write-off, a conglomeration, an incentive, a hostile takeover, litigation, a target company, a reverse takeover.

 

4. Choose the variant that best explains the idea of the sentence below.

Since the majority of merger attempts do not succeed, and most are kept secret, it is difficult to estimate how many potential mergers occur in a given year.

a) Since the time merging became secret, they have failed to succeed; and the situation is the same every year.

b) Experts have given up estimating the potential of mergers, so the majority of them have a tendency seem to succeed.

c) It is difficult to count the number of potential mergers which occur every year because most of them are kept secret.

 

Comment on the following sentence.

By merging with major competitors, a company can come to dominate the market they compete in, giving them a freer hand with regard to pricing and buyer incentives.

 

6. Practise reading §1 and §2 of the text. Translate them into Russian. Give a short summary of the passage.

Give profound answers to the following questions.

1. Is a merger activity possible only in case the companies of a similar type unite? Why? / Why not?

2. What do a merger, a buyout, a takeover and an acquisition differ in? What do they have in common?

3. What kinds of mergers do you know? Describe them.

4. When is merging advantageous?

5. What kinds of acquisitions do you know? What do they differ in?

6. What consequences may a hostile takeover cause?

7. What are the main objectives of international merging?

 

C. How the text is organised

What are these concepts associated with in the text? Match them.

a hostile takeover the two companies work together because it is perceived as beneficial
a friendly acquisition laying of, hindering growth
litigation regarding monopoly laws obtaining some strategic benefits in the markets of a particular country
international mergers two dominating companies merge
areverse takeover a smaller firm will acquire management control of a larger or longer established company

 

2. The idea of which paragraphs is summarized in the sentences below?

1) Businesses of different types make up conglomerations. 2) It helps a large number of companies penetrate into new markets. 3) There are different types of mergers. 4) These are the main reasons for merging. 5) A merger is not always a success.

 

Find the paragraphs of the text dealing with the following concepts.

1) a friendly takeover; 2) a hostile acquisition; 3) a buyout; 4) a litigation in the court; 5) a conglomeration; 6) international merging; 7) a horizontal merger; 8) a product-extension merger; 9) a write-off; 10) a bid.

 

V. Additional Reading

Read the text to learn more about the problem under discussion.

Demergers

Demergers are situations in which divisions or subsidiaries of parent companies are split off into their own independent corporations. The process for a demerger can vary slightly, depending on the reasons behind the implementation of the split. Generally, the parent company maintains some degree of financial interest in the newly formed corporation, although that interest may not be enough to maintain control of the functionality of the new corporate entity.

A demerger can be seen as the opposite of a merger. With a merger, the object is to take two separate business entities and combine them to form a new corporation that is able to accomplish more than the two former entities could ever accomplish on their own. The demerger still has the same ultimate goal. However, the thought is that by splitting off a portion of the existing company into a new and separate corporate entity, the chances for success and profitability are greater than if the company remained one unit.

There are many reasons why a company may undergo a demerger process. In some cases, the action may be necessary in order to comply with laws and regulations in place in a location where the company wishes to establish a presence. At other times, a division may have reached a point where it would become more profitable if it were to become an entity that is separate from the parent. The demerger may come about because the parent is changing direction and the division may be spun off as a way to continue meeting the needs of current clients while allowing the parent to focus on new markets. In all cases, the general idea behind the demerger is that the action will prove to be profitable for all parties concerned.

 

VI. Speaking

A. Discussion


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