mergers rus

Question 1

изменение контрольного пакета акций

Answer 1

Takeovers

Question 1

кого приобретают

Answer 1

target company

Question 2

тот, кто приобретает

Answer 2

acquirer

Question 3

поглощение

Answer 3

Acquisition

Question 4

юридическое лицо

Answer 4

legal entity

Question 5

акция

Answer 5

share

Question 6

Экономия от масштаба

Answer 6

Economies of Scale

Question 7

add product lines that have higher growth prospects

Answer 7

Diversification

Question 8

1. technology development
2. lower per-unit costs can come from increase in orders from suppliers

Answer 8

Economies of Scale

Question 9

1. ready for an exit
2. Inability to compete
3. Access to the greater resources

Answer 9

Motivations in an Acquisition for the seller

Question 10

1. income increase
2. cost decrease
3. economies of scale
4. a desire to reduce the number of competitors (increase market share and reduce price
5. a desire to diversify into new products and services

Answer 10

Motivations in an Acquisition for the buyer

Question 11

1. economies of scale
2. to improve technology
3. to increase the scale of production in existing
   product lines
4. to obtain tax benefit

Answer 11

Motivations in a Merger for both

Question 12

same competitive space

benifits:
1. economies of scale
2. lower operating costs (companies can share production facilities, distribution channels, and human capital)

Answer 12

horizontal M&A

Question 13

оборудование

Answer 13

facilities

Question 14

каналы распределения товара

Answer 14

distribution channels

Question 15

when a producer and a distributor merge

=>
lowering costs
- creating a more competitive product
value proposition
- increase shareholder returns

Answer 15

Vertical M&A

Question 16

same industry with different products or services come together to provide clients with a complementary product or service offering

benifits:
1. significant cross-selling opportunities
2. cost reduction

Answer 16

Product Extension M&A

Question 17

same products or services, but in different geographies decide to merge

benifits:
1. revenue synergy
2. technology synergy
3. increasing of resources

Answer 17

Market Extension M&A

Question 18

completely unrelated markets come together to create a conglomerate, creating a larger diversified company, spread across at least two industries

benifits:
consolidated balance

Answer 18

Conglomerate merger

Question 19

Расширение

Answer 19

Extension

Question 20

снижение затрат

Answer 20

lowing costs
cost reduction

Question 21

синергия доходов

Answer 21

revenue synergy

Question 22

враждебный

Answer 22

Hostile

Question 23

конкурентоспособный

Answer 23

competitive