Companies’ Restructuring

restructure market profitable combine merge (v) merger controlling share     acquire / make an acquisition take over

реорганізовувати ринок прибутковий об'єднуватися зливатися, об'єднуватися злиття, об'єднання частка в капіталі компанії, яка забезпечує контроль за її діяльністю придбати   поглинати (компанію)

hostile takeover   willingly   make a bid (for smth) buyout   divest of / pull out abandon efficient

одержання контролю над компанією проти бажання її керівництва (вороже поглинання) охоче; добровільно, без примусу робити пропозицію викуп контрольного пакету акцій відмовлятися від участі залишати ефективний

In the world of business we can often see changes to the structure of companies and groups of companies. As a rule companies join with or buy other companies in order to have better control of a particular market, to diversify their business, to strengthen their operations or to remain profitable. When two companies combine, they merge to form one company in an agreement known as a merger.

To buy another company or to win a controlling share of a company is to acquire a business, make an acquisition or take over a company. There are two types of takeover: a hostile takeover is a situation in which a company is bought out when the owners do not want to sell. A friendly takeovertakes place when a company is willingly bought out. When someone wants to buy a company they have to make a bid for it, i.e. offer to buy it at a certain price.

A buyout is a situation in which a person or group gains control of a company or a particular part of it by buying all or most of its shares.

If a company sells a business, it divests itself of that business. If you pull out of a business activity, you abandon it, perhaps as part of a programme of restructuring: reorganizing a business in order to make it more efficient and profitable.

1 Why do companies join with or buy other companies? 2 What happens when companies combine? 3 What does "making an acquisition" mean? 4 What types of takeover exist in business? 5 What is the difference between a hostile and a friendly takeover? 6 What do you have to do when you want to buy a company? 7 What is a buyout? 8 Why do businessmen restructure their business?

1 Match words that have a similar meaning:

see buy aim staff make an acquisition enter new types of businesses win share hostile takeover bid pull out

stop participating acquire observe purchase purpose gain stock diversify offer to sell something at a certain price unfriendly takeover personnel

2 The words in the box frequently occur before "market". Find combinations that mean: 1) the illegal economy, not approved by a government; 2) the situation of buying and selling goods for personal use, not for resale; 3) a place where raw materials and some manufactured goods are bought and sold; 4) any market where there is a lot of buying and selling; 5) a place where deals are made relating to the long-term investment needed by businesses;

6) a market where certain securities are plentiful and prices are low because there are few buyers; 7) a market where foreign currencies are traded; 8) a market where conditions are good for the buyer; 9) a market where conditions are good for the seller; 10) a financial market at which the value of stocks and bonds goes down; 11) a situation in a financial market where prices are rising and lots of shareholders are buying.

3 Match the words and phrases in the box with the correct definition: 1) a business or part of a business taken over or bought by another company; 2) a person who saw something and can tell about it;3) the buying of one company or most of the shares in it, by a person or another company; 4) (in business) combining two companiesinto one larger company; 5) an offer to sell something at a certain price;6) the

amount of money for which something can be bought or sold; 7) the purchase of a controlling interest in business; 8) the workers or employees of an organization; 9) a situation where a person or an organization owns enough shares (usually more than 50%) in a company to say how it should be run.

4 Choose the correct word from the box to complete the gaps. Translate the sentences into Ukrainian:

the market, to merge, the merger, acquisition, a takeover, a bid, price, a purchase, a staff, profitable, abandoned

1 This deal should be highly.... 2 We have... of twenty. 3 Choose carefully before making.... 4 We can't afford to buy the computer at that.... 5 Our company made... to sell coffee beans at $ 10 per pound. 6 The family will never sell more than 49 per cent of the shares; they don't want any possibility of.... 7 The software company's... of Acme Company will help it compete in the hardware market. 8 The directors of both companies met to discuss the terms of.... 9 The two insurance companies have agreed.... 10 We... the project because it was too expensive. 11... determines what goods are made.

5 Fill in the missing prepositions: (of (5), to, for (3), as, in (4), by, over, into, between, about)

1 Rumours... a takeover led... a sharp rise in the company's share price. 2 The company has launched a bid... a hostile takeover... its main rival in the sector. 3... a result... the friendly takeover... Eastern Foods Ltd, we can witness a substantial increase... earnings. 4 His company makes a bid... Telecom Spain. 5 Santrix Corporation was taken......Chesterton Corporation two years ago. 6 Making an acquisition... the computer industry will greatly improve the company's position... the market. 7 Many American banks have merged... the last 5 years. 8 Talks... a merger... Daimler and Chrysler caused speculation... job security. 9 The staff signed a birthday card... me. 10 Two banks underwent a merger and combined... one huge operation.

Дата добавления: 2015-07-11