GWD29-11-13

晓野的野

yaomao 发表于 2006-10-14 01:09
According to the passage, during the 1970’s and 1980’s bidding firms differed from the firms for w ...

对哦，是并购公司与被并购公司的比较啊....
这些细节！！！！！！！！！！！！！

问啊问啊

E选项定位第三个观点可以直接得出，是原文的等价改写
A third demonstrated that, following the announcement of a prospective merger, the stock of the prospective acquiring firm tends to increase in value much less than does that of the firm for which it bids.

A 不管A能否从文中找到线索直接改写，A选项都是说的bidding company在M&A前后的比较，而题目要求的是bidding co和co be bidden的区别
B Yet后面说bidder assert 他们的目标是经济。后面用的是may，说明并没有发生，只是他们的猜测，所以前面的动词也是用的assert，national的是resources的channeling，而没有直接体提到national economies
C 文末讲的并购本身的事情，不涉及比较
D 第一第二个观点提到了都没法实现很好的盈利，但是并没有提到说一定是期待有经济利益才做M&A，如果要选D，就变成了做Inference题，自说自话做推断了。即使定位bidders continue to assert that their objectives are economic ones，也是收购方自己的一个声明而已，并没有和被收购方进行比较。
再次，一定要看清题目问的是什么。提干的According to the passage,说明答案肯定在文章里说明了的。所以说细节题，supporting一定是原文的等价改写，任何意淫推断都是不可取的

DeliciaAn

A third demonstrated that, following the announcement of a prospective merger, the stock of the prospective acquiring firm tends to increase in value much less than does that of the firm for which it bids.
bidding firm:竞标方（可以有很多的公司去竞标收购，如果成功收购就变成了收购方）
acquiring firm:收购方
acquired firm: 被收购方

我试着解答一下，这个选项E, 之前有人说：“bidding firm和acquiring firm的不同，而不选择这个选项”
A third demonstrated that, following the announcement of a prospective merger, the stock of the prospective acquiring firm tends to increase in value much less than does that of the firm for which it bids.   

it 在这里指代的时the prospective acquiring firm. the firm for which it bids. 这里 是acquiring firm bids the firm.那么发出bid动作的是acquiring firm,而受到这个bid动作的是the firm.这里就看出来了，acquiring firm就变成了bidding firm, the firm 就变成了bidded firm(哈哈，学术上暂时不知道是否这样叫，为了方便理解）。所以在此时这种情况下，acquiring firm就是bidding firm了。这就解释为什么选择E选项了：

33. Q11: According to thepassage, during the 1970’s and 1980’s bidding firms differed from the firms forwhich they bid in that bidding firms

A.   tended to be more profitable before a merger than after amerger

B.    were more often concerned about the impact of acquisitionson national economies

C.   were run by managers whose actions were modeled on those ofother managers

D.   anticipated greater economic advantages from prospectivemergers

E.    experienced less of an increase in stock value when aprospective merger was announced