Daily English 868 - Mergers and Acquisitions
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Slow Speed begins at: 1:08
Explanation begins at: 2:38
Normal Speed begins at: 15:43
Marisol: What do you think of the big announcement this morning?
Lamar: That our company is going to merge with McQ Corp.? From what I’ve heard through the grapevine, this isn’t a merger but a hostile takeover.
Marisol: But the CEO said this morning that our company and McQ Corp. are equals in this merger, and the integration of the two companies will be seamless.
Lamar: Don’t you believe it! McQ Corp. has a history of taking over companies with high valuations and a lot of assets and selling it off in pieces. This is no friendly acquisition.
Marisol: But what about all of that talk about our two companies consolidating into a strong business entity and creating great synergy? Didn’t you buy any of that?
Lamar: Not one word. When McQ Corp. is through with us, we’ll be lucky to still have the shirts on our backs!
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