- Acquirer
- The company that purchases a controlling interest in or all of the assets of another company in an acquisition transaction.
- Target Company
- The business being purchased in an acquisition β also referred to as the acquired company.
- Closing Date
- The calendar date on which all conditions to an acquisition are satisfied and legal ownership transfers from seller to buyer.
- Deal Rationale
- The stated strategic, operational, or financial reasons that justify why the acquirer pursued and completed the acquisition.
- Forward-Looking Statements Disclaimer
- Boilerplate legal language cautioning readers that statements about future performance are estimates subject to risks and uncertainties, required for public companies to limit securities liability.
- Boilerplate (About the Company)
- A standardized paragraph at the end of a press release describing the company's business, size, and market position β updated after close to reflect the combined entity.
- Reg FD (Regulation Fair Disclosure)
- A US SEC rule requiring public companies to disclose material information simultaneously to all investors, not selectively to analysts or journalists.
- Material Information
- Any fact about a company that a reasonable investor would consider significant in deciding whether to buy, sell, or hold its securities β acquisition completions typically qualify.
- Dateline
- The city and date at the start of a press release body that establishes when and where the announcement originates.
- Wire Service
- A distribution service such as PR Newswire, Business Wire, or GlobeNewswire that distributes press releases simultaneously to thousands of media outlets and financial terminals.
- Embargo
- A pre-release agreement between the company and journalists that holds publication of a story until a specified date and time β common for coordinated acquisition announcements.