Word of the Day 12/02/24 Demerger
Dec. 2nd, 2024 09:32 am![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png)
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png)
Demerger (noun)
demerger [ / diːˈmɜːdʒə / ]
noun
1. the separation of two or more companies which have previously been merged
Example Sentences
The demerger, which was announced last October, is seen as oil-to-retail conglomerate Reliance's way of expanding in the lucrative financial services sector, especially as it already has a non-bank financial company licence.
From Reuters
Reliance shares had surged about 8% from July 8, when it set the record date for the demerger, through Wednesday.
From Reuters
Climate activist Cannon-Brookes, with an 11% stake in AGL, succeeded earlier this year in forcing the company to scrap a demerger and instead announce plans to speed up the closing of its coal-fired power plants by a decade and spend up to A$20 billion on renewable energy by 2036.
From Reuters
Following the demerger, at least 54.5% of the total issued ordinary share capital of Haleon will be held by GSK shareholders, while up to 6% will be held by GSK, the British drugmaker said.
From Reuters
Shareholders are set to vote on June 15 on AGL’s demerger plan.
From Reuters
Now YOU come up with a sentence (or fic? or graphic?) that best illustrates the word.
demerger [ / diːˈmɜːdʒə / ]
noun
1. the separation of two or more companies which have previously been merged
Example Sentences
The demerger, which was announced last October, is seen as oil-to-retail conglomerate Reliance's way of expanding in the lucrative financial services sector, especially as it already has a non-bank financial company licence.
From Reuters
Reliance shares had surged about 8% from July 8, when it set the record date for the demerger, through Wednesday.
From Reuters
Climate activist Cannon-Brookes, with an 11% stake in AGL, succeeded earlier this year in forcing the company to scrap a demerger and instead announce plans to speed up the closing of its coal-fired power plants by a decade and spend up to A$20 billion on renewable energy by 2036.
From Reuters
Following the demerger, at least 54.5% of the total issued ordinary share capital of Haleon will be held by GSK shareholders, while up to 6% will be held by GSK, the British drugmaker said.
From Reuters
Shareholders are set to vote on June 15 on AGL’s demerger plan.
From Reuters
Now YOU come up with a sentence (or fic? or graphic?) that best illustrates the word.