mergers eng

Question 1

target company

Answer 1

кого приобретают

Question 2

Takeovers

Answer 2

изменение контрольного пакета акций

Question 3

acquirer

Answer 3

тот, кто приобретает

Question 4

Acquisition

Answer 4

поглощение

Question 5

legal entity

Answer 5

юридическое лицо

Question 6

share

Answer 6

акция

Question 7

Economies of Scale

Answer 7

Экономия от масштаба

Question 8

2. Diversification

Answer 8

product lines that have higher growth prospects

Question 9

Economies of Scale

why

Answer 9

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

Question 10

Motivations in an Acquisition for the seller

Answer 10

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

Question 11

Motivations in an Acquisition for the buyer

Answer 11

1. income increase
2. lowing costs
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

Question 12

Motivations in a Merger for both

Answer 12

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

Question 13

horizontal M&A

Answer 13

same competitive space

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

Question 14

facilities

Answer 14

оборудование

Question 14

distribution channels

Answer 14

каналы распределения товара

Question 14

Vertical M&A

Answer 14

when a producer and a distributor merge

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

Question 14

Product Extension M&A

Answer 14

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

Question 15

Market Extension M&A

Answer 15

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

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

Question 15

Conglomerate merger

Answer 15

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

benifits:
consolidated balance

Question 16

Extension

Answer 16

Расширение

Question 17

cost reduction

Answer 17

lowing cost
снижение затрат

Question 18

revenue synergy

Answer 18

синергия доходов

Question 19

Hostile

Answer 19

враждебный

Question 20

competitive

Answer 20

конкурентоспособный