Valuation lies at the heart of all takeovers.

估价是一切收购活动的核心。

It has financed takeovers by big private companies, both at home and abroad, creating national champions in businesses ranging from food to pulp and paper.

它为国内外大型私营企业的收购提供资金，造就了从食品到纸浆和造纸等行业的全国领军企业。

One way to lower costs will be to forge alliances with foreign companies or to expand internationally through appropriate takeovers – in short, to "globalize."

降低成本的途径之一将是与外国公司结成联盟或通过适当的兼并进行国际性扩张–简言之，就是“全球化”。

Hostile takeovers are unheard of.

不良收购案闻所未闻。

Allow takeovers of failing schools.

并允许对于失败学校的接管。