Demerger: related pages

Sum of parts valuation

The valuation of a company by separately valuing different parts of it so different valuation methods or ratios can be applied to disparate businesses.

Merger

The combination of two or more companies, under circumstances that make it hard to identify which is really buying (in economic rather than legal terms).

Core business

A company's main business; the business that it has real expertise in and can focus on.

Shareholder activism / investor activism

Action by shareholders to intervene in the running of a company.

Tracking stock

Securities which are designed to have a value that reflect the value of a division of a company rather than the company as a whole.

MBO

The acquisition of a business by (a consortium including) its existing management.

Private equity

Investment is unlisted companies, including the takeover and de-listing of listed companies.