9倍数的翻译.ppt

Business file: The magic of the merger 1998 was undoubtedly the year of merger . More companies than ever before joined together in deals that totaled $ 2.25 trillion and created the world’s largest ever bank and the world’s biggest oil company. Faced with plummeting oil prices, oil giants Exxon and Mobil sought to achieve economies of scale through a $250 billion merger. Business file: The magic of the merger 1998 was undoubtedly the year of merger . More companies than ever before joined together in deals that totaled $ 2.25 trillion and created the world’s largest ever bank and the world’s biggest oil company. Faced with plummeting oil prices, oil giants Exxon and Mobil sought to achieve economies of scale through a $250 billion merger. There are several factors behind the increase in merger and acquisition. Firstly, the accelerated rate of globalization has left companies desperately seeking overseas acquisition in order to remain competitive. Deutsche bank bought its way into the US with its takeover of Bankers Trust, whilst Siemens hopes that its acquisition of Matra, the French defence group will allow it to gain access to France’s railway business which is dominated by Alstom, the Anglo-French consortium. There are several factors behind the increase in merger and acquisition. Firstly, the accelerated rate of globalization has left companies desperately seeking overseas acquisition in order to remain competitive. Deutsche bank bought its way into the US with its takeover of Bankers Trust, whilst Siemens hopes that its acquisition of Matra, the French defence group will allow it to gain access to France’s railway business which is dominated by Alstom, the Anglo-French consortium. Another factor behind the increase in merger activity is the record performance of stock markets, which has enabled companies to finance major acquisition on the strength of their inflated share prices. Another factor behind the i