【CNN】Buffett slakes deal appetite with Heinz

http://edition.cnn.com/2013/02/14/business/buffett-brazil-heinz-takeover/index.html?hpt=ibu_c2

• takeover : (C.) when one company takes control of another by buying more than half its shares
  - He prevented a hostile takeover (=when the takeover is not wanted by the company being bought) of the company.
  - Warren Buffett has teamed up with one of Brazil's richest men to serve up the biggest takeover of the year.
• beverage : (C. formal) a hot or cold drink
  - the Food and Beverage Manager
  - The deal, which is the fourth-largest food and beverage acquisition of all time, underscores the rising tide of dealmaking around the world and has raised the hopes of bankers that merger and acquisition activity will accelerate.
• acquisition : (U.) the act of getting land, power, money etc
  - the acquisition of new sites for development
• underscore : (Vt.) to emphasize the fact that something is important or true = underline
• conglomerate : (C.) a large business organization consisting of several different companies that have joined together
  - Berkshire, a conglomerate with more than 70 businesses amassed over four decades by Mr Buffett
• amass : (Vt.) if you amass money, knowledge, information etc, you gradually collect a large amount of it
  - For 25 years, Darwin amassed evidence to support his theories.
• transaction : (U. formal) a business deal or action, such as buying or selling something
  - The bank charges a fixed rate for each transaction.
  - Berkshire will buy another $8bn to $9bn of preferred stock paying a 9 per cent coupon, according to people familiar with the transaction.
• moat : (C.) a deep wide hole, usually filled with water, dug around a castle as a defence
  - Mr Buffett has historically left existing management in place, preferring good businesses with what he calls a "moat", a persistent competitive advantage, to prospects for a turnround.
• turnround = turnaround : (singular) a complete change from a bad situation to a good one
  - the remarkable turnaround in our economy
• prominence : (U.) the fact of being important and well-known
  - the prominence of pressure groups as political forces
  - In a sign of the rising prominence of 3G and Brazilian dealmakers, Mr Lemann suggested buying Heinz
  
• amid : (prep.) while noisy, busy, or confused events are happening - used in writing or news reports
  - The dollars fallen in value amid the rumors of weakness in the US economy
  - Shares of other food companies in the sector also rose amid speculation that the Heinz deal could trigger a wave of mergers.
• regulatory : (adj.) a regulatory authority has the official power to control an activity and to make sure that it is done in a satisfactory way
  - New drugs have been approved by the regulatory authority.
  - The bid values Heinz at $28bn, including $5.1bn of net debt, and is subject to shareholder and regulatory approval.
• heir : (C.) the person who has the legal right to receive the property or title of another person when they die
  - He is married to Teresa Heinz Kerry, heir to her late husband H. John Heinz III.
  - John was the sole heir to a vast estate.
• trump : (plural) chosen to have a higher value than the other suits in a particular card game
  - Hearts are trumps.
  - The proposed deal is the latest in a series of recent takeovers and trumps the $24bn leveraged buyout offer by Michael Dell.
• slump : (Vi.) to suddenly go down in price, value, or number <-> soar
  - Sales slumped by 20% last year.
  - The currency slumped to a record low.
  - Last year the value of global M&A deals fell, and investment banking fees slumped.
• synergy : (U.) the additional effectiveness when two or more companies or people combine and work together
  - Heinz's purchase price appeared relatively high and financial buyers would generally have more limited synergy opportunities.

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