查询词典 merger

A second complication arising from the merger is that the 1977 figures shown in this report are different from the 1977 figures shown in the report we mailed to you last year. Accounting convention requires that when two entities such as Diversified and Berkshire are merged, all financial data subsequently must be presented as if the companies had been merged at the time they were formed rather than just recently. So the enclosed financial statements, in effect, pretend that in 1977 the Diversified-Berkshire merger already had taken place, even though the actual merger date was December 30, 1978. This shifting base makes comparative commentary confusing and, from time to time in our narrative report, we will talk of figures and performance for Berkshire shareholders as historically reported to you rather than as restated after the Diversified merger.

合并案所引发的第二项影响则是今年报表中秀出1977年的数字与去年提供给各位同一年度的数字有所不同，会计原则要求当像多元零售与伯克希尔这样二个独立个体合并时，所有报告的财务数字都必须假设这两家公司原本就在一起，所以后续呈现所有数字，是假设这两家公司早在1977年就已经合并，虽然真正合并的日期是1978年的12月30日，这样的改变使得比较性的评论很容易产生混淆，因为以往的报告中，我们告诉各位的都是伯克希尔的历史记录，而非依照合并多元零售后重新修正数字。

By means of equilibrium outcome analysis of merger game, it gives the decision basis that rational firm strategically selects merger model and analyze the interests conflict between consumers and firms and government under the equilibrium merger model in the imperfect information analysis, by means of the prior probability of firm marginal cost described by continuous distribution function, the passage clarifies the relations between pre-emptive merger with rational expectation and equilibrium merger model, in the vertical relation industry.

在对不完全信息下企业兼并博弈的分析中，通过以连续分布函数形式描述的企业边际成本的先验概率，本文给出了具有纵向关系的产业中，具有理性预期的先置兼并作用及与均衡的兼并模式之间的关系。

A dissentient shareholder of a Cayman constituent company is entitled to payment of the fair value of his shares upon dissenting to a merger or consolidation unless an open market on a recognised stock exchange or interdealer quotation system exists for the shares at the end of the dissent period, and the merger or consolidation consideration consists of shares of the surviving or consolidated company or depository receipts in respect thereof, shares or depository receipts of any other company which are listed on a national securities exchange or designated as a national market system security on a recognised interdealer quotation system or held of record by more than 2000 holders on the effective date of the merger or consolidation, cash in lieu of fractional shares or depository receipts.

一家开曼成员公司中的持异议股东，其在对一项合并或整合作出反对后，可有权获得支付其股份的公平价值，除非（1）在异议期的期末，存在有关该等股份的认可证券交易所公开市场或是交易商同业报价系统，及（2）该等合并或整合的对价乃包含该留存公司或整合公司的股份或其预托证券；于一个全国性证券交易所上市或是在一个认可交易商同报价系统中被指明为乃全国市场系统证券，或是于合并或整合的生效日期由超过2000名有记录可查的持有人持有的任何其他公司股份或预托证券；代替零星股份的现金或预托证券。

Based on a lot of empirical analysis, the author summerizes that the historical premises of mergers in the United States include of the development of modern-enterprise、the technical innovation、the expansile demand and the development of capital market, surveys the developments and characters of mergers in the United States. From Marx's capital concentration theory to the arguments between structure school and conduct school, from the theories of economists at the present age abroad to the achievements of the learned men in China. the author surveys the theorical developments of merger. Making a clear definition of the concept and premises of self-organizational merger on the hypothesis that enterprise is a kind of self-organization, futhermore, the author constructs the theoretical frame of self-organizational merger.

主要内容有：在对大量实证材料分析的基础上，归纳出美国企业兼并的历史前提是现代企业形成与发展、技术上的创新、市场需求的扩大和资本市场的发展，阐释了美国企业兼并的历程与特点；从马克思的资本集中理论，到结构主义与行为主义的争论与分歧，从当代经济学家们的若干理论，到中国学者对企业兼并的认识，跟踪考察了企业兼并理论的起源与发展；从企业是自组织系统的假设出发，界定了企业自组织兼并的内涵，提出了企业自组织兼并存在的条件体系，构建了市场结构、企业自组织兼并行为、产业绩效、政府调控的企业自组织兼并理论的SCPG分析框架，分析了企业自组织兼并理论的贡献。

Horizontal merger has become an effective means of an enterprise's rapid expansion, while the result of internal supply chain integration after merger will determine the success of the merger process.

横向并购已经成为企业快速扩张的一种有效手段，而内部供应链的整合将会决定横向并购行为的成败。

For example, the merger of ancient voiced obstruent onset tone IV syllables into IB covers the whole Mandarin area except for Jiangsu and Anhui which preserve tone IV, and the merger of sonorant onset tone IV syllables into III covers the Mandarin areas of Hebei-Shandong, Lanyin, Beijing, the Northeast, Liaoning, etc., and the merger of voiceless onsets into IA covers the Mandarin areas of the central plains and Hebei-Shandong.

例如，古全浊声母入声字归阳平的读法涵盖了除保留入声的江淮官话以外的所有官话区，古次浊声母入声字归去声的读法涵盖了冀鲁、兰银、北京、东北、胶辽等五个官话区，古清声母归阴平的读法也涵盖了中原官话和冀鲁官话。

The result shows: the merger based on the economy of scope can bring with negative influence to unmerged firms as it can buildup strategic advantage for merged firms, and force the unmerged firms to take the following mergers. And the situation that one kind of the merger can trigger a serial analogy merger is analyzed in the dissertation.

研究表明：基于范围经济的兼并行为，在为兼并厂商获得竞争优势的同时，也损害了未兼并厂商的利益，从而迫使其采取跟随兼并行为，且在一定条件下此类兼并能够引发一系列类似兼并行为。

Third,international community has already proposed anti-monopoly law, we can make reference to European Anti-competition law,through case laws and mechanism,e.g.how to judge the monopoly behavious of corporations in the market,how to determine the corporation\'s leading position in the market,to monopolize the market through merger and acquisition of other corporations;besides,we can also make reference to law of other countries such as Fair Trading Act of the U.K.,the Competition Act of the U.K.,the Guidelines of merger in the U.S., Antitrust Act of the U.S.,the Guidelines of European Anti-trust laws, Guidelines on merger in European Union,and the Trade-Related Anti-Trust Measures,the Trade Related Investment Measures and etc.

第三，国际社会提出制定反垄断法的模式，我们可以参考欧盟垄断法，通过案例和机制，例如：怎样判定企业在市场的垄断行为、怎样界定市场支配地位、对公司通过合并与收购的行为来把市场垄断；再且，我们也会参考一些其它国家如英国公平贸易法、英国竞争法、美国的合并指引、美国垄断法、欧盟垄断法规指引、欧盟合并条例，还有《与贸易有关的及垄断措施协议》(Trade-Related Anti-Trust Measurers)、《与贸易有关的投资措施》(trade Related Investment Measures)等法规、条例来参考讨论。

The doctrine of merger arises in equity in three contexts: merger of estates, merger of charges, and merger in conveyance.

在衡平法上合并原则可应用于三项内容当中：产业权合并、押记合并及转易契合并。

In the paper, we collect some cases, such as AOL merger Time Warner, Sun Culture merger SINA, print company merger net company, which are all in the condition of industry convergence.

在案例的分析的基础之上，文中重点剖析了产业融合背景下企业并购的动因、企业并购的外部支撑条件、企业并购的特点，并在此基础上，对比分析了以往的企业并购行为与该种并购行为的异同点。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。