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1、Mergers&Acquisitions-合并与收购,NO.27,2,Following are some standard terms used to describe merger and acquisition activity:（以下是一些用来描述并购事宜的标准术语：）Merger：合并Combination of two or more companies either through a pooling of interests,a purchase,or a consolidation.Acquisition：收购One company taking over controlli
2、ng of a corporation.,3,Takeover：接收/接管Change in the controlling interest of a corporation.Leveraged buyout：融资收购Takeover of a company using borrowed funds.Following are some colorful terms used to describe merger and acquisition activity:,4,（以下是一些用于描述合并和收购活动的较为形象生动的词汇：）Pooling of interests：利益共享Account
3、ing method used in the combing or merger of companies following an acquisition,whereby the balance sheets are simply added together.Crown jewels：拳头部门The most desirable entities within a diversified corporation as measured by asset value,earning power,and business prospects.,5,Saturday night special：
4、周末特别收购Sudden attempt by one company to take over another by making a public tender offer(offer to buy shares,usually at a premium,with the objective of taking control).Sleeping Beauty：睡美人Potential takeover target that has not been approached by an acquirer.Shark watcher：预警员Firm specializing in the e
5、arly detection of takeover activity.,6,Usage,Following are some sentences that make use of merger and acquisition terms:（以下是一些应用并购事宜术语的例句：）Merger/acquisitionThat company lives by mergers and acquisitions.They just keep growing and growing.TakeoverI think that company is ripe for a takeover.They have
6、 great market share but theyre in poor financial condition.,7,Leveraged buyoutThat leveraged buyout was some smart thinking on your part.We diversified our product line and expanded our market share without laying out any cash.Crown jewelsIn our lineup of health care products,the Cosmetics division
7、is our crown jewel.,8,Saturday night specialThat announcement sure blindsided them.It was a Saturday night special and we caught them asleep at the wheel.Sleeping BeautyI wonder which Prince Charming will court that Sleeping Beauty.Shark watcherThey just hired a shark watcher to avoid sudden death.,
8、9,Summary,Company mergers and acquisitions are so commonplace that most of them go unnoticed by the general public.Only transactions involving large companies and/or large sums of money are considered newsworthy by the general press.Many large companies have a widely diversified range of products or services attained through merger or acquisition.,10,公司的合并和收购太普遍了以至于他们往往不被公众所注意。只有那些涉及大公司和巨额资金的交易才被大众媒体认为具有报道价值。通过并购，许多大公司都拥有门类极广的系列产品，或可以提供各式各样的服务。,
