3.uzdevums

Ownership

Fill in the missing words in the sentences below. Choose from the following words: family company, hostile takeover, joint venture, merger, parent company, principal shareholders, privatized, stakeholders, state owned, subsidiaries, takeover. Fill in all the gaps, then press "Check" to check your answers.

(Source: Flinders, S. (2003). Professional English. Business: General. Essex: Penguin English, pp.24-25.)
1. Rich & Bright was started by Sam Rich and his brother-in-law, Charlie Bright, fifty years ago. It was a successful .
2. But the Socialist Party won an election and the government nationalized the company. It was now managed by a government department. It was .
3. Then the Christian Democrats won an election. The new government sold R & B. It was .
4. But by this time both Sam and Charlie had died. The new owners were banks and pension funds. They were the .
5. Of course, many more people – managers, employees and their families, and clients – also had an interest in the success of the company. These were the .
6. The new management decided to turn some of the business units into separate companies. They became .
7. R & B kept a majority shareholding in all of them. It was the .
8. Then the American giant, Monsterbuck, suggested that the two companies work in partnership on a new product. They proposed a .
9. But everyone knew that Monsterbuck really wanted to buy R & B. Monsterbuck wanted a .
10. The R & B management did not want Monsterbuck to buy the company. But Monsterbuck offered the R & B shareholders lots of money and won control. It was a .
11. Now there is news that Monsterbuck and another American giant, Megadollar, will join together soon. It will be a very big .