ESL Podcast 368 - A Corporate Takeover
takeover bid - a person's or company's willingness to buy shares or stocks to have control over a company
Did you hear that the company received a takeover bid from its strongest competitor last week?
offer - something that one says one will give to another person in exchange for something else; the amount of money that one is willing to pay for something; what one is willing to do in exchange for something else
They made an offer of $7,500 to buy the used car and now they are waiting to hear the seller's decision.
to reject - to refuse; to deny; to say no; to decide not to do or accept something; to not accept
The committee rejected our proposal to change the advertising campaign.
board of directors - the group of people who lead a company, making the most important decisions and selecting the CEO, president, and/or making other important positions
Only the board of directors can decide whether our company should open a new office in the Southern United States.
the next course of action - the next step; the next thing that a person or company plans to do
Our first attempt to expand toy sales to young boys didn't work, so our next course of action is to try to expand sales to young girls.
hostile takeover - the action of taking control of a company when that company's managers and leaders do not want it to happen
The company president is fighting against the hostile takeover, but there's really nothing she can do about it because the other company has enough money to buy most of the shares.
a distinct possibility - something that may happen or is likely to happen
There is a distinct possibility that we might all lose our jobs next month if the economy continues to have problems.
extensive - thorough; with a lot of detail; vast; far-reaching
Albertina conducted extensive research about tuberculosis, reading all the medical journals that she could find.
due diligence - the investigation and evaluation of a company's financial status and management
Our company is considering buying a smaller company, but we have to complete our due diligence first to make sure that we know exactly what we'll be getting out of the purchase.
to move ahead - to continue; to proceed; to make progress
Even though they don't have enough money to buy a house right now, they have decided to move ahead and look at what's available for sale so that they can know how much money they'll need to save.
to go for (something) - to agree to do something; to agree with an idea; to accept something; to not object to something
Sonja wants to dye her hair bright pink, but I don't think her parents will go for it.
contingent - dependent; something that will happen only if something else does or does not happen
Their ability to have an outdoor wedding is contingent on the weather, because if it rains, they'll have to move everything indoors.
the state of - condition; status; quality
The state of the natural environment seems to get worse every year.
finances - financial status; the amount of money that a company or organization is making or losing
The company made more than four million dollars in sales last year, so its finances are very encouraging.
stumbling block - obstacle; something that makes it difficult or impossible to do something
Shane is very religious, but his girlfriend isn't, and that difference is a huge stumbling block in their plans to get married.
to count on (something) - to depend on something; to rely on something; to know without a doubt that something will happen or will be available
We're all counting on you to make a great presentation at tomorrow's meeting.