The value of a company is different for different potential acquirers. 对不同的收购方来说,同一家公司的价值差别是很大的。
For other potential acquirers maybe not. 而对另一家潜在的收购方来说就不是这么回事了。
Most deals, at least from the acquirers 'perspective generally get a good reception in the market. 大多数并购,至少从收购方而言,一般都获得了良好的市场反响。
Once Google made its pitch, did you reach out to other potential acquirers? 当谷歌提出它的收购计划时,你是否试图联络过其他有意向的收购者?
Strategic acquirers also would have to answer the "Martha question," albeit in a different way. 战略收购者也必须要回答“玛莎问题”,虽然方式不同。
Confidence is also evident in the willingness of acquirers to pay high prices for their targets. 收购方愿意为目标企业支付高价,也是信心的体现。
That narrows down the field of potential acquirers and demands a solid strategic rationale for a takeover. 这缩小了潜在买家的范围,也要求他们在实施收购时拿出有力的战略依据。
We conduct a series of analyses to investigate the post-acquisition corporate behaviors and performance between companies acquired by state and private acquirers. 我们分别对被国有收购方和私有收购方收购的公司做出一系列收购后公司行为和业绩地分析研究。
Hence, we document the post-acquisition behaviors of the acquirers and examine the implications of the financing-motivated takeovers on the performance of the target companies. 因此,我们记录了收购方的收购后的行为,并研究融资动机收购与目标公司业绩的关联性。
Before the signing date of this report, except for the information on shareholdings disclosed in this report, listed acquirers do not in any other way own interests in XX company; 截止本报告书签署之日,除本报告书披露的持股信息外,上市收购人没有通过任何其他方式在xx公司拥有权益;
Shareholders, including academics and venture capitalists, often sell small UK technology businesses to big acquirers rather than building them up as independents. 包括学术界人士和风险资本家在内的股东,经常会把英国的小型科技企业出售给大买家,而不是作为独立企业将它们发展壮大。
Seller financing means the risk is to a degree shared, and so acquirers are able to stretch and vendors able to compromise allowing fresh ownership and perhaps invigorated management to relaunch a business that needs new ideas. 卖方融资意味着风险在一定程度上是共担的,因此,买方能够展开行动,而卖方能够作出让步从而使所有权易主,而且可能还会刺激管理层对一个亟需新想法的企业进行改造。
Incumbents will encounter these challengers as competitors, as customers, as candidates for partnering in mergers or acquisitions, and as potential acquirers. 老牌公司将把这些挑战者当作竞争者、客户、潜在并购合作者或者收购者。
If the legal persons or other organizations have existed less than one year or was set up for the special purpose of the acquisition, acquirers shall refer to the aforesaid provision and disclose the financial materials of their actual controllers or controlling companies. 如果该法人或其他组织成立不足一年或者是专为本次上市公司收购而设立的,则应当比照前述规定披露其实际控制人或者控股公司的财务资料。
Agreements and contracts that have been signed but not yet performed between acquirers, and listed company and parties related to listed company, or other cooperation intent under negotiation; 收购人与上市公司、上市公司的关联方之间已签署但尚未履行的协议、合同,或者正在谈判的其他合作意向;
The Investment Commission, which reviews all foreign investment into Taiwan, said that it rejected the deal because the acquirers did not give sufficient explanation as to "the protection of investors and shareholders and the fairness of the offer price". 负责审议台湾所有海外投资的投资审议委员会表示,之所以驳回该交易,是因为对于“如何保护投资者和股东、以及出价的公平性”,收购方未能提供令人满意的说明。
Acquirers shall describe their controlling shareholders, core enterprises controlled by their actual controllers and the core business, related enterprises and main business; 收购人应当说明其控股股东、实际控制人所控制的核心企业和核心业务、关联企业及主营业务的情况;
The rich world has tolerated the rise of mercantilist economies before: think of South Korea's state-led development or Singapore's state-controlled firms, which are active acquirers abroad. 富裕国家曾对重商主义的经济体崛起表现出容忍态度:想想韩国政府主导的发展和新加坡的国家控股公司,都是活跃的境外收购者。
Once they become controlling shareholders, acquirers can enjoy the privilege of getting access to both the capital market and banking sector to raise external finance. 一旦他们成为控股股东,收购方就可以享受进入资本市场和银行界筹集外部资本的特权。
China, with about$ 133bn in deals, has attracted most interest this year from acquirers. 今年以来,中国吸引了并购者的最大兴趣,共达成了价值约1330亿美元的交易。
Established retailers including comet and habitat were sold for nominal sums ( with added dowries) to induce acquirers to take over the chains. 包括comet和habitat在内的知名零售商纷纷被以象征性价格挂牌出售(还要搭上自己的嫁妆),以吸引买家收购这些连锁业务。
This shift in consumer behavior could have significant implications on acquirers who rely on transaction-based fee revenues. 对于依赖交易手续费的收单机构来说,这意味着整个业务面都会受到影响。
Last year, as mining deals picked up, Chinese acquirers were involved in only 6 per cent of global mining transactions, according to PwC. 据普华永道(pwc)称,去年矿产业交易升温,但中国收购方仅参与了全球6%的矿产业交易。
Foreign acquirers and their Chinese targets are also required to disclose more information on relationships between the parties involved and the basis for determining the purchase price. 新规定还要求,外国收购者及其中国目标企业应披露更多涉及各方关系的信息,及确定收购价格的依据。
Third, conflicts of interest allow private acquirers to bribe managers to accept deals that are against the true interests of shareholders. 第三,利益冲突使得私人股本收购者能够向管理者行贿,让他们接受那些违背股东实质利益的交易。
Whether such rent-seeking behaviors can contribute positively or negatively to the performance of the targeted companies depends crucially on how the capital raised is utilized by acquirers. 这种寻租行为可能对目标公司的业绩产生或者积极或者消极的影响,而这取决于收购方如何利用筹集来的资本。
This suggests that state acquirers tend to have a stronger tunneling incentive. 这表明国有收购方有更强的激励趋向于操作隧道挖掘。
Our study shows that the market can also be distorted by agency problems of controlling shareholders, in which state acquirers tend to tunnel and invest in projects with low returns. 我们的研究表明公司控制权市场还可能被控股股东代理问题扭曲,即国有收购方趋向于隧道挖掘以及在低回报的项目上投资。
Other Titles: Can cross-border M& A create value for Chinese acquirers? 对外跨国并购能否为中国企业创造价值?