Complete these sentences using the correct form of one of the words above. Make your own sentences to show that you understand the difference in their meaning

Ex.9. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

1. This deal should be highly ….

2. We have … of twenty.

3. Choose carefully before making ….

4. We can’t afford to buy the computer at that ….

5. Our company made … to sell coffee beans at $ 10 per pound.

6. The family will never sell more than 49 per cent of the shares; they don’t want any possibility of ….

7. The software company’s … of Acme Company will help it compete in the hardware market.

8. The directors of both companies met to discuss the terms of ….

9. The two insurance companies have agreed ….

10. We … the project because it was too expensive.

11. … determines what goods are made.

	The market, to merge, the merger, acquisition, a takeover, a bid, price, a purchase, a staff, profitable, abandoned.

Ex.10. Fill in the missing prepositions and adverbs:

1. Rumours … a takeover led … a sharp rise in the company’s share price.

2. The company has launched a bid … a hostile takeover … its main rival in the sector.

3. … a result … the friendly takeover … Eastern Foods Ltd., we can witness a substantial increase … earnings.

4. His company makes a bid … Telecom Spain.

5. Santrix Corporation was taken … … Chesterton Corporation two years ago.

6. Making an acquisition … the computer industry will greatly improve the company’s position … the market.

7. Many American banks have merged … the last 5 years.

8. Talks … a merger … Daimler and Chrysler caused speculation … job security.

9. The staff signed a birthday card … me.

10. Two banks underwent a merger and combined … one huge operation.

(of (5), to, for (3), as, in (4), by, over, into, between, about)

Ex.11. These words are often confused:

to learn – to find out

to learn	– to gain knowledge; to gain new information about a situation, event or a person
to find out	– to discover a fact or piece of information (something that was previously unknown)

1. She … some American history in high school.

2. I just … that the payment is due tomorrow.

3. He is … how to use a computer.

4. We … about the accident from my friend.

5. She lost so much money in the stock market that she … a lesson.

6. Please … when they will discuss the terms of the merger.

7. When did you … about the acquisition of their companies?

8. We were glad … this good news.

9. We have not yet … whether he got the profit.

10. Please … how to get there.

11. Most of these business stories are true and we can … a lot from them.

12. I am returning the machine so you can … what is wrong with it.

Exercises in Comprehension

Ex.1. Answer the following questions:

1. What can we often witness in the world of business?

2. Why do companies join with or buy other companies?

3. What happens when companies combine?

4. What do we mean by “making an acquisition”?

5. What types of takeover exist in business?

6. What is a hostile (a friendly) takeover?

7. What do you have to do when you want to buy a company?

8. What is a buyout?

9. Why do businessmen restruct their business?

Ex.2. What is the difference between:

a hostile takeover – a friendly takeover

a buyout – a takeover

a merger – an acquisition

Ex.3. Sum up what the text says about:

s a merger,

s making an acquisition,

s two types of takeover,

s a buyout.

Grammar Revision

Past Perfect Simple We use the Past Perfect Simple s to talk about an action or event in the past that happened before another action in the past. The second action in the past is in the Past Simple He had abandoned his business by the time I arrived in this city.

s to talk about an action or event in the past that happened before a definite time in the past. I had never been to London until this year.

s to give a reason for a past event or action He didn’t come because he had missed the train.

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