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ESL Podcast 368 – A Corporate Takeover
ESL Podcast 368 – A Corporate Takeover
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Tags:
Business
Audio Index:
Slow dialogue: 1:20
Explanations: 3:24
Fast dialogue: 13:30
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Lee: Hello, Lee Williams.
Bruce: Hi, Lee. This is Bruce Eng. The reason
I’m
calling is to find out if there is any news about
your
company’s takeover bid for
Shamrock
Corp. It’s been a week and I was wondering
what’s
happening.
Lee: Hi, Bruce. I’m glad you called. I was just
about to call you with an update. Here’s
where we
are. The offer we made to Shamrock
was
rejected by the board on Tuesday.
Our
company’s board of directors has
been
meeting all week to decide the next
course of
action.
Bruce: Is there any chance that this could turn
into
a hostile takeover?
Lee: There is a distinct possibility.
Our
company is hoping to avoid that since we had
hoped to do extensive due diligence,
but
a hostile takeover may be the only option right
now
if we decide to move ahead with
this.
Bruce: Would the banks go for little
or no
due diligence? I thought that their support of
the
takeover bid was contingent on
getting
more information about the state of
Shamrock’s finances.
Lee: You’re right and that may be the
stumbling block.
Bruce: Okay, well, call me if you get more
information.
Lee: I will. You can count on it.
Script by Dr. Lucy Tse
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