Хватова Н. И. ст преп. Киселева А. В. Леденева Т. В. Пособие по домашнему чтению к роману С. Фрея «Поглощение»
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Pre-Reading Class
a) What is reading? b) How do you understand the term interactive reading? c) What books have you read in English? Which of them did you like? Why? What about those books you didn’t like? d) Make up a list of items that you read in English in your everyday life and indicate why you do each kind of reading.
a) How is prose fiction different from the other types of texts (political news, academic writing, philosophical essay, diary, etc.)? b) What are the main stimuli for reading a book? c) What are you going to read your home-reading text for? Rate the following goals from 5 (the most important) to 1(the least important)
d) What requirements should an ideal book for home reading meet? 3. Introducing the author and the book: Stephen W. Frey. The Takeover, 1995. Stephen W.Frey is a vice president of corporate finance at Westdeutche Landesbank in Manhattan and was previously in the mergers and acquisitions department of J.P.Morgan&Co. He lives in Princeton, New Jersey. Here are brief notes written for you by the first MGIMO student-readers of this book. Read them and say whether they have convinced you to read this book. Why? Dear fellow students! You’ve come across one of the most interesting books in your curriculum. Intriguing and captivating from the first pages it literally takes you over and you have no choice other than to rush through it. Conspiracies, deaths and battles for power combined with romance, well-drawn characters and an invaluable insight into American corporate culture provide for a charming mix which is both pleasant to read and useful for business studies. The book is definitely worth your time. Богдан Волостригов The book impressed me greatly. It shows the severe reality of business life where a person simply doesn’t know who to rely on. Dear readers, be careful, one can easily get bogged down in so many names and exciting situations! Наталья Беспутина This book gives us an opportunity to learn a lot about mergers and acquisitions, takeovers, stock market, US Federal Reserve system and politics. Мария Нелюбова The book is worth reading because of an interesting plot, colourful language and business content. Альберт Арсланов Start reading this book and I promise, you’ll rush through it in no time. You won’t regret sparing your time on it. Андрей Шнайбель An absolutely brilliant novel, 100% worth reading. The ideal book for home reading. True-to-life heroes, suspense and breath-taking situations. I could not tear myself away from this book. Лейла Ахмедзянова It’s both a breath-taking thriller and a useful book for those who study business. In this story of an honest man caught up in the criminal conspiracy business environment is depicted as a ruthless world where no one can be trusted. Джабраил Базоркин Congratulations on a splendid opportunity to read the book which will impress you and arouse your interest. I must confess it was the first time when I was always ready for my home-reading classes. Just open the first page and the book will absorb you. Светлана Баранова Real life of corporate America on every page, business intrigue, an interesting plot, a lot of valuable economic terms, lively characters make this book appealing to me. You’ll love it! Кирилл Фильцанин A brilliant book! You’ll find it quite useful for understanding contemporary economic and political problems. The plot is entertaining and captivating – you’ll find here love affairs, treasons, murders. You’ll also go though a detailed description of a takeover. Юлия Лоторева It’s a thriller based on true-to-life facts from Wall-Street life, extremely useful in terms of business English studies. Федор Коротышев Be aware of every new name and event. They are all essential to solve up the final puzzle. Мамед Дакалов 4. Introduction to Topic Vocabulary: A. Reading the novel you’ll frequently come across the words given below. Commit them to memory and make sure you understand the processes denoted by them: takeover: 1) an act of taking control of a company by buying most of its shares (поглощение); SYN: acquisition 2) an act of taking control of a country or organization by an army, group, esp. by force. a hostile takeover: a takeover opposed by the company that is being bought (недружественное поглощение) merger: the act of joining two or more organizations or businesses into one (слияние) joint venture: a business project or activity that is begun by two or more companies, which remain separate organizations (совместное предприятие) Listening. You will hear Margareta Galfard, Director of Communication for Volvo in France, talking about why the merger between the major automotive companies, Renault and Volvo, failed. Listen and decide if the following statements are true.
Can you think of any other reasons why a merger might fail? Have you ever read about a failed merger or corporate alliance and why did it fail? B. What verbs do the following nouns derive from?
C. Read the following extracts from the financial press. In pairs, decide whether each one refers to a) a joint venture, b) a merger c) an acquisition (1) Walt Disney Co., Hearst Corp. and Peterson Publishing Co. are discussing a deal that would combine their considerable influence in the publishing world to launch a weekly magazine to compete with ‘Sports Illustrated’ next year. (2) General Motors is to start building its Chevrolet Blazer, a sports utility vehicle, in the factories of Elabuga Avtomobilny Zavod (ELAZ) in Tatarstan, an autonomous part of Russia. This business project will be owned by ELAZ and GM, which plans to invest as much as $250 m in the plant. (3) Poland may call off talks on the sale of newsstand chain Ruch to France’s Hachette distribution service if it fails to make a firm financial offer soon. (4) Bank Inicjatwyw Gospodanczych (BIG) and Gdanski are planning to work together on a new deal. They will form one new bigger and stronger bank and together they will control 4% of Polish banking assets. (5) Just as Daewoo Electronics chairman Bae Soon-Hun thought he had agreed a deal to buy Thomson Multimedia, the consumer electronics arm of Thomson, he heard that it had refused his offer. D. Translate into Russian: 1. The spokesman refused to disclose details of the takeover to the press.2. Investors reacted positively to the news of the takeover. 3. Profits fell sharply following the takeover. 4. Accusations of corruption against the government resulted in a military takeover. 5. The business is vulnerable to a hostile takeover. 6. Two hundred people lost their jobs as a direct consequence of a merger. 7. The proposed merger has been blocked by the government. 8. General Oil and PP have announced they are going to merge. It will be the biggest ever merger in the oil industry. 9. Blightly Telecom is to split into two, and demerge its fixed-line and mobile business as part of on-going restructuring. The aim of the demerger is to cut debt by £10 billion. 10. Ciments de France, the French building group, is to acquire Red Square Industries of the UK for 3.1 billion euros. This is a friendly takeover, as RSI are likely to welcome it. But the acquisition comes only a year after RSI rejected a hostile takeover. E. Discussion Points: 1. Can you think of any recent business combinations? 2. What do takeovers usually result from? 3. What do takeovers usually result in? 5. Course requirements:
ASSIGNMENT TO UNIT 1 1. Get ready to answer the questions in class, make a list of topic vocabulary for each question and use it in your speech:
2. In the copy-book start taking notes on the main characters according to the table below. Leave enough space to add information from further units. Get ready to make brief oral class presentations on Andrew Falcon, Granville Winthrop, William Rutherford, and Jenny Cagle.
3. Pick out 5 words essential to describe every character and ask your classmates whom these words describe. 4. Write a short company profile for Winthrop, Hawkins & Company and get ready to make its brief presentation in class. Headquarters____________________________________________ Business activities _______________________________________ Business reputation ______________________________________ Legal status ____LLP (limited liability partnership)_____________ Corporate structure ______________________________________ Executive Officers ______________________________________ Revenue ______________________________________________ Corporate culture _______________________________________ 5. What types of companies are Winthrop, Hawkins & Company and MD Link Ltd.? What does it mean in terms of profit sharing? 6. Search the text of the unit for the following words and expressions and comment on the context in which they are used: a) You are too driven b) Form 13-D c) Phoenix Grey d) Pleiade Project e) seven 7. a) Find in the text the English equivalents for the word combinations given below and recollect the context in which they were used:
b) Fill the gaps with English expressions from Task 7a. 1. The tradition was not to be revealed outside the room, but Andrew hadn't ________a beat. 2. Andrew needed to ________his stone-calm composure. 3. Mr. President, would you please give a __________of the financial results for the fiscal year? 4. They would talk for hours, and Falcon would _________ to memory any shred of advice Granville imparted. 5. It meant that their newest partner was _________at obtaining ____________ information. 6. The other partners were seated on either side of Winthrop according to their _________with the firm. The most ________ of the partners sat immediately to Granville's left and right. 7. Prices have risen in order to _________ the increased cost of materials. 8. Falcon _________ _____ the box next to his unused dessert fork. 8. Fill the gaps with prepositions about, at, for, into(2), on, to, with: 1. Andrew Falcon was about to come ____ a tremendous amount of money. 2. Granville Winthrop sat ___ the head of the arrangement. 3. The other partners were seated on either side of Winthrop according to their tenure _____ the firm. 4. Andrew relaxed ___ the comfortable chair. 5. After dinner Andrew and Granville would retire ____ the mansion's study to break open a bottle of Scotch and discuss business and politics. 6. Falcon glanced ______ the room. 7. The profit decrease is an unacceptable development, even __ the face of a difficult economy. 8. Falcon reached ____ his unused dessert fork. 9. Translate into English 1. Остальные партнеры занимали места по обе стороны от Уинтропа в соответствии со сроком их пребывания в фирме. 2. Фолкен запоминал до мельчайших подробностей все советы, которые давал ему Грэнвил. 3. Господа, желаю вам преуспевания в новом году! 4. Это означало, что новый партнер умел добывать секретную информацию. 5. Господин Президент, сделайте, пожалуйста, краткий обзор основных результатов истекшего финансового года. 10. a) Write out the following business terms, translate them and be ready to explain their meaning and usage in class: to go public/ to take public, share, stock, stake, equity, securities, controlling interest, bylaws, entity, leveraged buyout, public tender b) Translate the sentences into Russian, pay special attention to the italisized words. 1. MD Link would select Winthrop, Hawkings to take the company public. 2. MD Link should have gone public by now, and his 500 000- dollar investment ought to be worth multimillions. 3. The firm would buy back his partnership interest immediately at full value – which means millions, even on an after-tax basis. 4. Because you have been a partner for only one year, you are not entitled, under the bylaws of the partnership, to receive any money for your partnership interest. 5. His disability to resurrect the system was crushing Falcon’s plans into a pipe dream and turning his 500 000-dollar investment into worthless stock. 6. Once any entity owns more than 5% of a public company’s stock, that entity is supposed to file a Form 13-D. 7. What has the stock price done since we started buying? 8. Our first purchase six months ago was at twenty-four dollars a share. The stock closed Friday at twenty-five and an eighth. 9. He is simply reporting to us the names of stocks being scrutinized. 10. Actually we have another billion left, but that will be used as part of the equity for the leveraged buyout when we publicly announce our offer to purchase. 11. At what price will we announce the public tender? 12. But remember, that two-billion-dollar gain will be offset by the one billion we'll lose in the leveraged buyout. 11. Write a short item for the newspaper on the tragic fate of the MD Link Limited as a vivid example of how risky private entrepreneurship is. LISTENING The Stock Market |
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