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Ladybird25 Posted 14 years ago
Vocabulary
Quoted around the 2.5 billion mark
Hi,
Would you please check if I understood the following text correctly?
(I’m confused with the underlined parts.)
Analysts were shocked by news that Unica PLC, a relative newcomer in consumer electronics, has made an offer to take over Amamoto Electronics. Insiders are saying that Unica’s bid at least matches their main competitor, Fisor, in this takeover battle. Amamoto’s value has been quoted around the 2.5 billion mark. If Unica is to beat Fisor, it will have to outbid this by quite a hefty margin. They can expect some board-room haggling over the next week but clearly believe Amamoto will have to give in to shareholder pressure to accept their generous offer. Share prices of all three companies have been pushed upwards by constant speculation.
Q1. Does ‘mark’ mean something like ‘level’?
I first thought it meant ‘German mark’ (which is not in use any longer), but if so, I feel ‘the’ in front does not make sense. Am I right?
Q2. Does ‘They’ refer to ‘Insiders’?
Q3. Is it Amamoto that is going to have board-room haggling?
Q4. Does ‘their ’ refer to ‘Unica’s’?
Thank you in advance.
ladybird
Would you please check if I understood the following text correctly?
(I’m confused with the underlined parts.)
Analysts were shocked by news that Unica PLC, a relative newcomer in consumer electronics, has made an offer to take over Amamoto Electronics. Insiders are saying that Unica’s bid at least matches their main competitor, Fisor, in this takeover battle. Amamoto’s value has been quoted around the 2.5 billion mark. If Unica is to beat Fisor, it will have to outbid this by quite a hefty margin. They can expect some board-room haggling over the next week but clearly believe Amamoto will have to give in to shareholder pressure to accept their generous offer. Share prices of all three companies have been pushed upwards by constant speculation.
Q1. Does ‘mark’ mean something like ‘level’?
I first thought it meant ‘German mark’ (which is not in use any longer), but if so, I feel ‘the’ in front does not make sense. Am I right?
Q2. Does ‘They’ refer to ‘Insiders’?
Q3. Is it Amamoto that is going to have board-room haggling?
Q4. Does ‘their ’ refer to ‘Unica’s’?
Thank you in advance.
ladybird
Top answer
Q1. " It's a specific mark. The article doesn't say who the high bidder is at this point.
- Q1.
- " It's a specific mark.
- The article doesn't say who the high bidder is at this point.
- Both Unica and Fisor are trying to take over Amamoto, and Unica's bid " at least matches " Fisor's.
- Q2.
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2 Answers
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Q1. "The X.mark" does indeed mean "the X level." The "definite article" is completely appropriate, as in "the high water mark." It's a specific mark.
The article doesn't say who the high bidder is at this point. Both Unica and Fisor are trying to take over Amamoto, and Unica's bid "at least matches" Fisor's.
Q2. This is not 100% clear, but I take "they" to be t
The article doesn't say who the high bidder is at this point. Both Unica and Fisor are trying to take over Amamoto, and Unica's bid "at least matches" Fisor's.
Q2. This is not 100% clear, but I take "they" to be t
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Thank you so much for your great help, Avangi.
AvangiQ1. "The X.mark" does indeed mean "the X level." The "definite article" is completely appropriate, as in "the high water mark." It's a specifYes. The reason I thought ‘mark’ shouldn’t be ‘German mark’ becaus
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