Matching Pairs Restructuring TerminologyOnline version Combine the term and its definition. by Ritva Ala-Louko 1 divestiture 2 takeover 3 joint venture 4 downsize 5 strategic alliance 6 core competence 7 spin-off 8 merger 9 streamlining A voluntary fusion of two companies into one new legal entity. Reducing the number of employees on the operating payroll. The partial or full disposal of a business unit through sale, exchange, closure, or bankruptcy. Cooperation between two or more companies aiming at better results in their operations. Making a company’s operations simpler but more effective. A hostile way of gaining control over another company. A unique ability that a company acquires from its founder. It can not be easily imitated. An entity formed between two or more parties to undertake economic activity together. A new organization or entity formed by a split from a larger company.
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