Difference among alliances, mergers, acqusitions and consoloidations

[Bank Po]

Business English Lesson, Advanced Level

ESL/EFL Test #455 "Converting Free Reserves", question 2

The Times has learnt that NTL, the US-listed $5.64 billion cable operator, has held talks with City financiers; it has been persuaded by UK bankers of the benefits of a ......... listing on the London exchange after its expected merger with Telewest.

(a) secondary
(b) subordinate
(c) subsequent
(d) subsidiary

Business English Lesson, Advanced Level

ESL/EFL Test #455 "Converting Free Reserves", answer 2

The Times has learnt that NTL, the US-listed $5.64 billion cable operator, has held talks with City financiers; it has been persuaded by UK bankers of the benefits of a secondary listing on the London exchange after its expected merger with Telewest.

Correct answer: (a) secondary
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difference among alliances,mergers,acqusitionsand consoloidations

Bank Po