→ Merger, Acquisition, Takeover → Start Learning / Download MP3 Flashcards

Question		Answer
fuzja start learning		merger An occasion when two or more companies or organizations join together to make one larger company An act of consolidating companies or assets
przejęcie when the company acquires another one ~ usually have a negative conotation start learning		takeover tender offer (offering to purchase shares at a Premium to the market price, proxy vote - persuading shareholders to vote out the existing Management acquirer # target/ predator # prey
przejęcie nearly the same as takeover start learning		acquisition
oferta przejęcia A public offer to a company's stockholders to buy their stocks at a certain price (higher than the current market price) during a limited period of time start learning		takeover bid
typy przejęć It occurs when an acquiring company seeks to acquire another one but the target company doesn't wish to be taken over hostile takeover start learning		friendly takeover voluntary when the Board of directors from both companies negotiate and approve the bid. The Board from the target company will approve the buyout terms and shareholders will get the opportunity to vote in favour of or against takeover
Nalot/ atak you have majority stake involves buying as many of company's stocks as possible on the stock market start learning		Raid Raider/attacker # victim
korzyści skali reduced production costs resulting from large-scale production start learning		economies of scale
efekt synergii start learning		synergy effect combined results produced by entities working together which are greater than the sum of the separate parts
adding new or different products or services start learning		diversyfing succesful companies generally want to diversify
udział w rynku start learning		market share A company's sales expressed as a percentage of the total sales in a market
wynagrodzenie money paid to investment banks for advising a takeover start learning		fee
baza klientów start learning		customer base
Optymalny start learning		Optimum A company's Optimum size or market share can be quite small, and large conglomerates can become unmanageable and inefficient
usuwanie aktywów - sprzedaż aktywów przejmowanej spółki start learning		asset-stripping - sale of assets of the acquired company buying a company in order to sell its most valuable assets as a profit
wykup wspomagany start learning		leveraged buyout
White knight start learning		White knight you Look for another company that you prefer to be acquired by, acquirer of last resort
poison pill start learning		poison pill makes itself less attractive to potential acquirer, smth difficult to swollow or accept
pac-man/reverse takeover start learning		pac-man / reverse takeover target becomes a predator and dip into its war chest for cash to buy a majority stake in predator's company
kupować kota w worku start learning		buy a pig in a poke
zaglądnąć w każdy kąt start learning		look at every nook and cranny
poprawka/zmiana w ustawie itp start learning		amendment but also the plumber said that amendment would be cheap this law requires an amendment
sandbag Defence start learning		sandbag Defense with this tactic the target company stalls with the hope that another, more favorable company will make a takeover attempt.
Killer bees start learning		Killer bees firms and individuals that help other companies avoid takeovers, such as investment bankers, accountants, attorneys and tax specialists, by aggresively devising and implementing anti-takeover Strategies
hired Gun start learning		hired gun An expert who is bought into a company to Deal with a particular Problem
porcupine provisions/shark repellent start learning		porcupine provisions / shark repellent A company will make special amandments to its charter or bylaws that become active only when a takeover attempt is announced - goal is to make a company less attractive for the acquirer

merger, acquisition, takeover

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