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OPA de exclusión de Bolsa

English translation: tender offer to delist the company


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:OPA de exclusión de Bolsa
English translation:tender offer to delist the company
Entered by: Marian Greenfield
Options:
- Contribute to this entry
- Include in personal glossary

22:19 Oct 26, 2004
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: OPA de exclusión de Bolsa
The sentence reads:

La Sociedad aumentó su nivel de endeudamiento en 2003 para financiar la OPA de exclusión de Bolsa de su filial española.

I understand that the parent company has bought back publicly traded shares in its subsidiary's stock, thus taking its subsidiary out of the stock market. Am I reading this correctly?

TIA,

Martin
Martin Perazzo
Spain
Local time: 08:55
tender offer to delist the company
Explanation:
You've got the idea right... Precise terminology above

PR Newswire: TV Filme, Inc. Announces Tender Offer for 12-7/8% ...
... Consummation of the tender offer and consent solicitation are conditioned upon a ...
advised the Company of its intention to delist the Company's common stock. ...
www.findarticles.com/cf_dls/ m4PRN/1998_Nov_25/53269577/p1/article.jhtml - 13k - Supplemental Result - Cached - Similar pages

Business Wire: Quarterdeck Announces Nasdaq Listing Status and ...
... 15, 1998, it received notification of Nasdaq's decision to delist the company's
shares from ... Symantec (Nasdaq:SYMC) will commence a cash tender offer early next ...
www.findarticles.com/cf_dls/ m0EIN/1998_Oct_16/53088814/p1/article.jhtml - 13k - Supplemental Result - Cached - Similar pages

[PPT] A CVM EO PRODIN
File Format: Microsoft Powerpoint 97 - View as HTML
... 2000 rescued the spirit of the delisting and tender offer instructions through ... the
free-float, will not only lose the opportunity to delist the company, but he ...
www.oecd.org/dataoecd/5/1/1824211.ppt - Similar pages

ABS-CBNNEWS.COM
... said the board of directors approved the move to delist the company’s shares. ... to
endorse its parent company Metro Pacific Corp.’s tender offer to acquire ...
www.abs-cbnnews.com/NewsStory. aspx?section=Provincial&OID=61484 - 35k - Cached - Similar pages

The Hindu Business Line : Digital Globalsoft: Reject
... to delist the company. If the company fails to acquire 20 per cent, then Digital
Globalsoft will remain listed. The success of the tender offer depends on the ...
www.thehindubusinessline.com/ iw/2004/01/18/stories/2004011800280800.htm - 20k - Cached - Similar pages

Agri Star Herbicides
... 23,857,591 shares outstanding were tendered in response to Albaugh’s tender offer. ...
Albaugh has announced its intention to delist the company from the Buenos ...
www.albaughinc.com/news_atanor_purchase.htm - 13k - Cached - Similar pages

The Brazilian Securities and Exchange Commission (CVM) reform ...
... of the corporate control, and requires the close out tender offer to be ... in corporate
sale negotiations or transactions; (3) offer to delist the company to be ...
www.cvm.gov.br/ingl/public/publ/Publ_Disc_IOSCO.asp - 15k - Cached - Similar pages

Mergers & Acquisitions Report
... has launched a tender offer for Wheaton River Minerals Ltd. ... The exchange
indicated it may delist the company. Rural Cellular Corp. ...
www.mareport.com/mar/news_updates.cfm - 35k - Cached - Similar pages

MSN Money - MEDQ Key Developments: Investing
... The determination to delist the Company's common stock was made subsequent to an
April 29 ... Royal Philips Electronics NV's Tender Offer for 60% of MedQuist, Inc. ...
news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=MEDQ - 38k - Cached - Similar pages

Management group proposes taking Timberlands private - 2002-10-17 ...
... As a result, the Nasdaq recently threatened to delist the company. ... The management
group will begin its tender offer for the company's outstanding units within ...
www.bizjournals.com/seattle/ stories/2002/10/14/daily32.html - 41k - Supplemental Result - Cached - Similar pages
Selected response from:

Marian Greenfield
Local time: 02:55
Grading comment
Marian, thanks so much for such a fine job! I wouldn't have had a clue as to how to say it so succinctly. I was thinking along the lines of "share buyback scheme", but it doesn't come anywhere near your solution. And double thanks for replying so quickly!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1tender offer to delist the company
Marian Greenfield
4it was projecting to
Parrot


  

Answers


10 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
OPA de exclusión de Bolsa
tender offer to delist the company


Explanation:
You've got the idea right... Precise terminology above

PR Newswire: TV Filme, Inc. Announces Tender Offer for 12-7/8% ...
... Consummation of the tender offer and consent solicitation are conditioned upon a ...
advised the Company of its intention to delist the Company's common stock. ...
www.findarticles.com/cf_dls/ m4PRN/1998_Nov_25/53269577/p1/article.jhtml - 13k - Supplemental Result - Cached - Similar pages

Business Wire: Quarterdeck Announces Nasdaq Listing Status and ...
... 15, 1998, it received notification of Nasdaq's decision to delist the company's
shares from ... Symantec (Nasdaq:SYMC) will commence a cash tender offer early next ...
www.findarticles.com/cf_dls/ m0EIN/1998_Oct_16/53088814/p1/article.jhtml - 13k - Supplemental Result - Cached - Similar pages

[PPT] A CVM EO PRODIN
File Format: Microsoft Powerpoint 97 - View as HTML
... 2000 rescued the spirit of the delisting and tender offer instructions through ... the
free-float, will not only lose the opportunity to delist the company, but he ...
www.oecd.org/dataoecd/5/1/1824211.ppt - Similar pages

ABS-CBNNEWS.COM
... said the board of directors approved the move to delist the company’s shares. ... to
endorse its parent company Metro Pacific Corp.’s tender offer to acquire ...
www.abs-cbnnews.com/NewsStory. aspx?section=Provincial&OID=61484 - 35k - Cached - Similar pages

The Hindu Business Line : Digital Globalsoft: Reject
... to delist the company. If the company fails to acquire 20 per cent, then Digital
Globalsoft will remain listed. The success of the tender offer depends on the ...
www.thehindubusinessline.com/ iw/2004/01/18/stories/2004011800280800.htm - 20k - Cached - Similar pages

Agri Star Herbicides
... 23,857,591 shares outstanding were tendered in response to Albaugh’s tender offer. ...
Albaugh has announced its intention to delist the company from the Buenos ...
www.albaughinc.com/news_atanor_purchase.htm - 13k - Cached - Similar pages

The Brazilian Securities and Exchange Commission (CVM) reform ...
... of the corporate control, and requires the close out tender offer to be ... in corporate
sale negotiations or transactions; (3) offer to delist the company to be ...
www.cvm.gov.br/ingl/public/publ/Publ_Disc_IOSCO.asp - 15k - Cached - Similar pages

Mergers & Acquisitions Report
... has launched a tender offer for Wheaton River Minerals Ltd. ... The exchange
indicated it may delist the company. Rural Cellular Corp. ...
www.mareport.com/mar/news_updates.cfm - 35k - Cached - Similar pages

MSN Money - MEDQ Key Developments: Investing
... The determination to delist the Company's common stock was made subsequent to an
April 29 ... Royal Philips Electronics NV's Tender Offer for 60% of MedQuist, Inc. ...
news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=MEDQ - 38k - Cached - Similar pages

Management group proposes taking Timberlands private - 2002-10-17 ...
... As a result, the Nasdaq recently threatened to delist the company. ... The management
group will begin its tender offer for the company's outstanding units within ...
www.bizjournals.com/seattle/ stories/2002/10/14/daily32.html - 41k - Supplemental Result - Cached - Similar pages



    24 years experience, most of it managing translation at an investment bank
Marian Greenfield
Local time: 02:55
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1524
Grading comment
Marian, thanks so much for such a fine job! I wouldn't have had a clue as to how to say it so succinctly. I was thinking along the lines of "share buyback scheme", but it doesn't come anywhere near your solution. And double thanks for replying so quickly!

Peer comments on this answer (and responses from the answerer)
agree  Margarita Palatnik
8 hrs
  -> gracias guapa...
Login to enter a peer comment (or grade)

11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
OPA de exclusión de Bolsa
it was projecting to


Explanation:
an "OPA de exclusión" has to be submitted for approval to the CNMV and approved before implementation. Then orders are given to localise and freeze those stocks that are to be bought back (eligible stock), so this is not merely a corporate decision.

Parrot
Spain
Local time: 08:55
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 140
Login to enter a peer comment (or grade)




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