MERGERS, TAKEOVERS AND SELL-OFFS BUSINESS VOCABULARY IN USE

 

BUSINESS VOCABULARY IN USE 34. MERGERS, TAKEOVERS AND SELL-OFFS

 

A Stakes and joint ventures Two companies may work together in a particular area by forming an alliance or joint venture; they may remain separate companies, or form a new company in which they both have a stake. B Mergers and takeovers C Conglomerates Cotton makes a series of acquisitions of retail and non-retail businesses, and becomes the parent company in a conglomerate or combine, with the other businesses as its subsidiaries 1990s EXERCISES 34.1 Match the sentence beginnings (1-5) with the correct endings (a-e). The sentences all contain expressions from A and B opposite. 1. The Canadian government decided to sell 45 per cent 2. UK Gold is a successful satellite channel 3. Russia’s second biggest airline is trying to buy a stake 34.2 Which expressions in B do the underlined words in these headlines refer to? 34.3 Use expressions from C opposite to complete what this journalist says about conglomerates. A company that has (1) d___________ may decide to limit its activities by selling those (2) s___________ that do not fit in with its overall strategy. The board of the (3) p____________  c____________ may talk about  (4) d____________ and  (5) r____________, and getting out of particular businesses. In this case, the group  (6) d____________ o ____________ its  (7) n____________-c ____________ a ____________ and uses the money to invest in and concentrate on its (8) c ____________activities.

ANSWER KEY