| 单词 | reverse takeover |
| 释义 | reverse takeover 1) The buying of a larger company by a smaller company. 2) The purchasing of a public company by a private company. This may be the cheapest way that a private company can obtain a listing on a stock exchange, as it avoids the expenses of a flotation and it may be that the assets of the public company can be purchased at a discount. However, on the London Stock Exchange there are regulations stipulating that the nature of the target company's business must be compatible with that of the private company. Usually the name of the public company is changed to that of the private company, who takes over the listing. |
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