IV English - TAKEOVERS Flashcards
wzmocnienie pozycji firmy, zwiększenie udziału w rynku i osiągnięcie pozycji lidera rynkowego
reinforcing your company’s position, increasing market share and becoming a market leader
ograniczenie konkurencji
reducing competition
racjonalizacja produkcji
rationalizing production
optymalizacja wykorzystania zakładu lub zainwestowanego kapitału
optimizing the use of a plant or invested capital
dywersyfikacja produktów
diversifying products
the belief that together companies will produce more than the sum of the two separate parts
synergy
wejście na nowe rynki
entering new markets
buy a large quantity of another company’s shares on the stock exchange
a raid
consists of buying shares through several brokers early in the morning, before the market has time to notice the rising price, and before speculators step in
dawn raid
a public offer to a company’s shareholders to buy their shares, at a particular price during a particular period
takover bid
has the consent of the directors of the company whose shares are being acquired
friendly takeover
is one undertaken against the wishes of the board of directors
hostile takeover
a defensive action taken to discourage a raider, such as changing the share voting structure or the board of directors, or spending all the company’s cash reserve
poison pill
If steps such as these do not work, a company can at least attempt to find ………. – another buyer whom they prefer.
a white knight
Postępować zgodnie z radą
Act on advice / Follow advice
przestrzegać zasad
Adhere to principles /Respect principles
dywersyfikować
Branch out/Diversify
gromadzić kapitał
Build up capital/Accumulate capital
zyskać na
Cash in on/Profit from
opracować plan
Draw up a plan/Prepare a plan
ponieść porażkę
Fall through/Collapse
pokonać
Fight off/Defeat
Succeed in doing sth wrong
Get away with something
opiekować się/chronić
Look after/Protect
oczekiwać czegoś
Look forward to/Await with pleasure
wymyślić
Make up/Invent
Polegać na kimś
Rely on or count on someone/Trust someone
przejąć firmę
Take over a company/Acquire company
przyjąć ofertę
Take up an offer/Accept an offer
two companies join together to form a new one
merger
When one company buys or acquires another one
acquisition
A company may offer to buy all the shareholders’ shares at a certain price (higher than the market price) during a limited period of time
takeover bid
If a company’s board of directors agrees to a takeover and if shareholders agree to sell
friendly bid
When a company does not want to be taken over, and if it’s successful
hostile bid/unsolicited takeover
takes place when a company buys as many shares as possible on the stock market hoping to gain a majority.
a raid
If a company gets bigger by acquiring competitors in the same field of activities
horizontal integration
if a company acquires other companies involved in other parts of the supply chain, usually to make cost savings
vertical integration
acquiring suppliers of raw materials or components
backward integration
buying distributors and retail outlets
forward integration
companies that own or control several smaller businesses selling very different products or services
conglomerate
the practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company’s future
asset stripping
public companies
listed companies
the total value of the company on a stock exchange
market capitalization
companies that are owned by larger parent company
subsidaries
sum of money reserved to pay a company’s retired employees
pension funds
a sufficient number of stocks in a company to be able to decide what to do
controlling interest/stake
wykup lewarowany
leveraged buyout
the purchase of a controlling share in a company by its management using outside capital
leveraged buyout
a practice whereby rival companies come to an illicit agreement not to sell goods or services below a certain price
price-fixing
is the marketing strategy of informing customers about how one’s own brand or product is superior (different and better) to its competitors (in addition to its other values)
unique selling proposition (USP)
a person or organization responsible for making certain that companies obey particular standards and do not act illegally
untitrust watchdog/authority
The reduction of production costs that is a result of making and selling goods in large quantities
economies of scale
The situation where there are only a few sellers, which frequently arises in manufacturing
oligopoly
