Name: ___________________________________________ Date: ___________________

Vocabulary M&A
A. Vertical
1. A merger between two companies in the same industry.
Merger
2. A business arrangement in which multiple parties combine resources in the pursuit of a B. Cross-border
common interest. merger

C. Liquidation
3. The cash value available if the assets of a company were sold.
Value
4. The price per share offered by an acquirer to a target. D. Takeover

5. A type of acquisition in which a company attempts to gain ownership of a target, usually by E. Horizontal
acquiring a controlling interest in its stock. Merger

6. A corporate action in which an acquiring company offers to buy the stock of a target company F. Corporate

and take over its business. Governance

7. A public offer to the shareholders of a company to sell their stock at a specified price during
G. Offer Price
a specified window of time.

8. A merger of two companies operating in different stages of the production process in the
H. Joint Venture
same industry.

9. A merger of two or more companies (or partnerships) which are incorporated in at least two
I. Takeover Bid
EU member states

10. The system by which companies are directed and controlled. J. Tender offer

11. Compulsory sale of the shares of minority shareholders of a joint-stock company for which K. Squeeze-out
they receive a fair cash compensation. (merger)