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mergers & acquisitions

Banking Act of 1933 (Glass-Steagall)

The Banking Act of 1933, commonly referred to as the Glass-Steagall Act, was a landmark piece of legislation in the United States that introduced significant reforms to the banking industry. It was enacted in response to the financial crises and bank failures during the Great Depression.

buyback

A buyback refers to when a corporation repurchases its own outstanding stock. By doing so, the number of overall shares in the market drops and the value of each individual share tends to increase. Issuing a buyback offer is not binding on any individual shareholders and merely represents the corporation's offer to purchase shares at a given price. 

collusive bidding

Collusive bidding refers to an agreement among two or more competitors to change the bids they otherwise would have offered absent the agreement. Where collusive bidding is well established, prices can rise substantially, in some cases by as much as several hundred percent.

corporate takeover

A corporate takeover occurs when the controlling interest in a corporation shifts from one party to another. Corporate takeovers are categorized as either hostile or friendly depending on whether the management of the company being taken over is a willing participant or not. 

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