2023 July

Hostile takeover

Generally, a takeover bid in which the boards of the target company (acquiree: the firm that should be acquired) advise against accepting the offer because the offer does not contribute to the long-term advantage of the target company. – See shareholder vote chase, blitzkrieg takeover bid, suitor, mergers and acquisitions, greenmail, war chest, macaroni defense,… read more »

Takeover, in older documents also Konkorporation (takeover)

Unless otherwise defined, the acquisition of control of one company by another (the purchase of one company [the target] by another [the acquirer, or bidder]). – See shareholder vote chase, stock swap takeover, asset sales deal, mergers and acquisitions, takeover bid, grant. Attention: The financial encyclopedia is protected by copyright and may only be used… read more »

Exaggerated macroeconomic demand

A condition in which domestic final demand exceeds domestic production capabilities. This leads to domestic CETERIS PARIBUS inflation. At the same time, there is an increase in imports; and the exchange rate of the currency in question must fall as a result. – If the production bottleneck is not broken up within some time by… read more »

Acquisition announcement

The declaration by a company – not necessarily made public – that it intends to take over another company, but without actually having this intention or even having already made a takeover bid. – However, because such an announcement usually increases the price of the potential bidder’s stock, corresponding rumors – often cleverly packaged in… read more »

Bank acquisition risks

Experience shows that two main risks arise when a bank is acquired by another financial institution. – How good a bank’s balance sheet really is always becomes apparent after the acquisition. Only when the investor is in control of all the figures can he see what risks are hidden in them. – In the upscale… read more »

List of charges (tariff for freights and charges)

Especially in older documents, a list of services and respective prices, which in the forwarding business an entrepreneur (namely – carrier: a person or firm in the business of transporting people or goods or messages; – a forwarder: an intermediary between carrier and owner of goods being transported, who arranges for their carriage and provides… read more »

Übersatz (usury)

Rarely used today, this word (Hebrew: TARBITH), which comes from biblical German, refers in a narrower sense to usurious conduct in borrowed natural products such as food and seed. Usury (Hebrew: MAESCHAECH), on the other hand, usually refers to money. However, the distinction is not always clear in older documents. – See agiotage, danism, financial… read more »

Overnight money also overnight credit (overnight money)

Another name for overnight money. – See drawdown money, facility, standing, marginal lending facility. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

Surprise attack, morning attack and often dawn raid

The purchase of all obtainable shares of a target company at the market’s open by a raider. A dawn raid is a surprise technique that allows the raider to gain an important portion of the target company before the target company recognises what is happening). – See shareholder vote chase, bidder, blitzkrieg takeover bid, Europa… read more »

Super-government

In relation to Europe, the accusation that institutions (super agencies) such as the European Stabilization Mechanism, the Fiscal Compact – but also the ECB, which is acting beyond its actual mandate – are increasingly taking rights away from national representatives and transferring them to omniscient and non-accountable technocrats who believe they can control the economy… read more »

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