Examlex
Several states have made the possession of small quantities of marijuana a civil infraction, similar to a parking ticket. This policy is referred to as:
Vertical Merger
A merger between companies when one is a supplier or a customer of the other.
Horizontal Merger
A merger between companies in the same line of business, usually as competitors.
Tender Offer
An offer to purchase some or all of shareholders' shares in a corporation at a specific price for a certain period.
Equity Carve-out
A corporate strategy where a company creates a new, independent company by selling or distributing new shares of its existing business.
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