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English to Chinese

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Sample Translation Finance

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Source (Chinese)	Target (English)
尽管经常被交替使用，合併和收购略有区别。	Although often used interchangeably, mergers and acquisitions are slightly different.
当一个公司收购了另一个公司並以新业主自称，这项购买被称为收购。	When a company acquires another company and claims itself as a new owner for the acquired company, this purchase is called acquisition.
从法律上来说，目标的公司不再存在，买家已经“吞食”了卖家的生意，而买家的股票仍旧在正常交易。	Legally speaking, the target company no longer exists, since the buyer has “swallowed” the seller’s business, whereas the buyer’s stock is still under normal trading.
然而严格来说，合併是两个公司一起同意合成一个公司，拥有权和经营权都合二为一。	Nonetheless,strictly speaking, the merger is the agreement of two companies to synthesize a company, whose ownership and operation rights are combined into one.
这样的行为可以更准确地被称做“平等兼併”。	Such behavior can be more accurately called "equal annexation".
通常这两家公司规模相当。	Usually these two companies are quite similar in size
两家的股票都下市，取而代之的是新公司的股票发行。	Both stocks are out of the market and replaced by the new company\s stocks.
比如在1999年格蘭素威康（Glaxo Wellcome）和史克必成（SmithKline Beecham）公司的合併中，两家公司都不复存在，取而代之的是新公司格蘭素史克。	For example, in the merger of Glaxo Wellcome and SmithKline Beecham in 1999, the two companies ceased to exist and replaced by the new company GlaxoSmithKline.
平等兼併事实上並不常发生。	Equal annexation does not often occur.
而是被收购的公司会在收购条款中要求对外称为平等兼併，即使它是一次实质上的收购。	Instead, the acquired company will require to be called an equal merger externally in the terms of the acquisition, even if it is a substantial acquisition.
因为被收购通常被认为会带来负面影响，所以把它称为兼併。	Simply because the acquisition is usually considered to have a negative impact, it is called a merger.

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Translated 11 translation units
in the fields of finance, corporate and financial markets

Language pair: Chinese to English

May 06, 2018

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