unit 13 takeovers and mergers
TRANSCRIPT
Unit 13: Takeovers and MergersPhoto Courtesy: http://image.shutterstock.com/display_pic_with_logo/5880/5880,1304415300,4/stock-photo-background-concept-wordcloud-illustration-of-merger-acquisition-glowing-light-76438678.jpg
“You cannot buy a company merely by buying its shares. “
Sir James Goldsmith (1933 – 1997)Anglo-French Financier
TAKEOVER
MERGER
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JOINT VENTURE
MBO (manager buyout)
(make) BID
MERGER
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MBI (manager
buyin)
(take) STAKE
TAKEOVER/ACQUISITIO
N
Reading, pg. 111
big picture (3-4), adj.very important
ground rules (118), n.basic rules
the nitty-gritty (132), n.details
buy-in (132), n.acceptance
shop floor (146), n.where the goods are made
steam-rollered (172), v.forced to do something
Reading, pg. 111DOs DON’Ts
Prepare early before the merger is announced publicly
Relax once the deal is signed
Newspaper Headlines• Not always complete sentences
Challenge for Euro• May contain strings of three or more nouns
Pharmaceutical company takeover battle• Omit articles (the, a, an)
Coke and Danone close to deal• Omit the verb to be
Orange CEO likely to quit• Use simple tenses instead of perfect and continuous
Shell confirms China stake• Use Present Simple for both present and past events
US law firms agree merger deal• Use infinitive to refer to the future
Nokia chief to stand down• If a continuous form is used the verb to be is omitted
Prices going through the roof• Use short words to save space
axe, blow, hail, slam, flak, top, link, bid, block, seek, deal, over, unveil, split, row, back
Skills: summarising
“Tell them what you are going to tell them, tell them, then tell them what you just told them.“
Andrea Paciniauthor of the blog EchoPresentations
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Audience attention curve in presentations
Useful language
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Referring back
Asking for
feedback
Using emotive
language
Making points in threes
Ordering
Asking rethorical questions
Exemplifying Repetition
You and your colleagues work for a big pharmaceutical company which is doing very well at the moment. Your company is planning a merger with another company from a different country. The other company is currently struggling wih financial difficulties.Discuss the possible advantages and disadvantages of the merger (economical, organisational, cultural, etc.).Write an e-mail to your company’s CEO summarising the main points you discussed.Pay attention to:• Introductory phrase• Organisation of your e-mail• Typical language for summarising• Usage of linking phrases (furthermore, but, moreover, etc.)• Positive ending remark• Closing phrase
Writing: a report to the company’s CEO
Thank you for listening!