Splits, spin-offs, mergers, premiums, synergies, and integration risk.
| Concept | Explanation | |---|---| | Stock split | Changes share count and price proportionally. | | Spin-off | Separates a business into an independently traded company. | | Merger | Combines companies under negotiated terms. | | Acquisition premium | Price above the target's pre-announcement market value. | | Synergy | Expected revenue improvement or cost savings from a combination. | | Integration risk | Risk that expected benefits fail to materialize. |