Valuation lies at the heart of all takeovers.
估价是一切收购活动的核心。
It has financed takeovers by big private companies, both at home and abroad, creating national champions in businesses ranging from food to pulp and paper.
它为国内外大型私营企业的收购提供资金，造就了从食品到纸浆和造纸等行业的全国领军企业。
One way to lower costs will be to forge alliances with foreign companies or to expand internationally through appropriate takeovers – in short, to "globalize."
降低成本的途径之一将是与外国公司结成联盟或通过适当的兼并进行国际性扩张–简言之，就是“全球化”。
"There's rising work demand coupled with the insecurity of mergers, takeovers, downsizing and other factors," Moen said.
摩恩说：“伴随着合并、接管、裁员和其他因素带来的不安全性，工作需求在增加。”
Big takeovers are no longer popular at home or abroad.
无论国内外，大笔的收购不再时兴。
But China also has been skeptical of Western takeovers.
不过中国也一直对西方投资者的收购持怀疑态度。
The next year or two will doubtless see mergers and takeovers.
接下来的一两年内无疑会出现公司并购或接管的现象。
That is not to say that foreign takeovers are always for the best.
这并不是说外国收购总是最好的。
IN THE clubby world of Korean commerce, hostile takeovers are rare.
在一向排外的韩国商业圈内，恶意收购行为非常罕见。
They also have to be conscious that the issues in takeovers are often complex.
它们还必须意识到，收购事宜往往很复杂。
Politicians in both Europe and America continue to blanch at foreign takeovers.
无论欧洲还是美国，仍都对外资控股避之不及。
Allowing professional leagues and the FA additional oversight of club takeovers.
允许职业联盟和足总监管各俱乐部的接管过程。
Companies have also held back from selling bonds, issuing shares or doing big takeovers.
企业也纷纷停止出售债券，发行股票或进行大的收购。
This typically occurs in the context of mergers, takeovers, or internal reorganizations.
这种情况通常发生在合并、接管或者内部改组的情况下。
For example, more foreign takeovers by big Chinese firms have been allowed to go ahead.
例如，更多的中国大型企业海外并购得到批准。
VW has the state of Lower Saxony as a big shareholder and a special law to protect it from takeovers.
大众的大股东是下萨克森州(stateof Lower Saxony)，同时有一条专门的法律保护大众免受并购。
The next year or two will doubtless see mergers and takeovers. Some of the weaker manufacturers will die.
今后一两年，企业间的兼并和收购将不可避免，一些弱小的制造商将会消亡。
Cyclical industries such as retailing and food manufacturing may also see lots of mergers and takeovers.
循环型行业，如零售业和食品生产业也有可能产生众多并购交易。
Their union is likely to inspire more mergers and takeovers that will increase the industry's efficiency.
它们的联合有可能激励更多的公司实施并购和接管，从而将提高整个产业的生产效率。
Commercial-bank takeovers of investment banks have a horrible history because of the stark cultural differences.
商业银行收购投资银行有着很糟糕的历史，因为二者的文化完全不同。
Bad debts, risks lurking off the balance sheet, and a wave of potential takeovers of weak Banks all sound distant.
坏账，潜伏在资产负债表里的风险，潜在的收购小银行浪潮听起来似乎都很遥远。
Yet the headlong expansion continues, either through the opening of yet more new stores or through a rash of takeovers.
然而轻率的扩张仍在继续，或是不断的开新店，或是鲁莽的收购。
Meanwhile, the Reserve bank of India, the central bank, frowns upon using bank loans to fund takeovers, so they rarely happen.
同时，印度的中央银行印度储备银行一直不赞成用贷款来为收购集资，所以这种收购也不大会发生。
Sales of the stakes the savings banks hold in Spanish companies and takeovers of laggards by the healthier ones could fund some of that.
出售储蓄银行持有的公司股权和资产更为健康者收购落后者可能为此筹得部分资金。
Bank of America's takeovers of Countrywide and Merrill Lynch during the financial crisis saddled it with a heap of housing-related trouble.
由于在金融危机时期对美国国家金融服务公司和美林银行的接管，美国银行积累了大量与房地产有关的问题。
No big foreign acquisition has failed so far-even though, according to consultants at McKinsey, that is the fate of 60-70% of cross-border takeovers.
至今，还没有海外收购的失败案例——可即使如此，根据麦肯锡顾问的意见，失败是60%到70%海外收购案的命运。
However, shareholder activists have in recent years had great success in getting poison pills and other defences against hostile takeovers removed.
然而近些年股东积极主义者在消除毒丸和其他抵御措施方面进展巨大。
Indeed, several converging factors suggest that Japan's basic industries are now poised for an outbreak of mergers and takeovers in the coming months.
种种迹象表明，在未来的几个月里，日本的基础产业将面临一场收购与并购的风暴。
Indeed, several converging factors suggest that Japan's basic industries are now poised for an outbreak of mergers and takeovers in the coming months.
种种迹象表明，在未来的几个月里，日本的基础产业将面临一场收购与并购的风暴。
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