02:06 Feb 21, 2018 |
French to English translations [PRO] Law/Patents - Law (general) / assignment | |||||||
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| Selected response from: TechLawDC United States Local time: 08:07 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +3 | substitution |
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3 | superseding |
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3 -2 | Takeover |
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Takeover Explanation: When one company takes over another and clearly establishes itself as the new owner, the purchase is called an acquisition. From a legal point of view, the target company ceases to exist, the buyer absorbs the business and the buyer's stock continues to be traded while the target company’s stock does not. In the pure sense of the term, a merger happens when two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a "merger of equals." Both companies' stocks are surrendered and new company stock is issued in its place. |
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4 hrs confidence:
5 hrs confidence: peer agreement (net): +3
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