Quoth RecoveringKinkoid
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Your Job 101, taught by Professor Dumbass
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Quoth bars.of.a.rhyme View PostMe: No, they didn't buy us. If they had bought us after the merger with Movie Gallery, they would own all the major movie rental chains in America and therefore they would be in violation of anti-trust laws. That's why we merged with Movie Gallery in the first place, to prevent them from taking control of the company.
Prof. Dumbass: ...
Me: ...
Prof. Dumbass: I'm pretty sure you're wrong. I read that Blockbuster bought you. You should ask your manager, he'll tell you.
A perfectly legitimate conversation, about which I am not bitter. At all. You will just not believe how not bitter I am. I am the anti-bitter, if you will.
Please shoot me...
Hint: Hollywood Video did not "merge" with Movie Gallery. Movie Gallery purchased Hollywood Video. This was an acquisition, not a merger. HTH for your next interaction with Professor Dumbass.
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Quoth Tanizaki View PostPerhaps he was just amazed to find someone with your legal acumen working the counter at the local Hollywood Video.
Hint: Hollywood Video did not "merge" with Movie Gallery. Movie Gallery purchased Hollywood Video. This was an acquisition, not a merger. HTH for your next interaction with Professor Dumbass.
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Quoth Broomjockey View PostAre you sure about that? If both chains report to the same levels of management in corporate, I'm pretty sure that makes it a merger, if they are seperate entities until the board of directors or thereabouts, then it would be a simple acquisition. I'm pretty sure that's how it works, regardless of how much money was laid out for the other company.
Mergers and acquisitions are similar, but different. In a merger, two (or more) business entities combine to form one entity. For example, when Lockheed Corporation and Martin Marietta merged, Lockheed Martin was formed, and the two heritage corps evaporated.
In an acquisition, one company purchases the shares of another company, but both companies still exist. Movie Gallery and Hollywood Video remain separate entities. The transaction was a buyout.
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Quoth Tanizaki View PostYes, I am pretty sure I learned about this in law school.
Mergers and acquisitions are similar, but different. In a merger, two (or more) business entities combine to form one entity. For example, when Lockheed Corporation and Martin Marietta merged, Lockheed Martin was formed, and the two heritage corps evaporated.
In an acquisition, one company purchases the shares of another company, but both companies still exist. Movie Gallery and Hollywood Video remain separate entities. The transaction was a buyout.
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Quoth Broomjockey View PostThanks, I wasn't sure. My legal studies classes were a looong time ago. Question then, if you know the specifics, was Cineplex buying Famous Players a merger or accquistion, so I can tell people correctly when explaining why we are not part of that company?
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