Glossary entry (derived from question below)
French term or phrase:
sur laquelle porteront les droits
English translation:
to which the rights of [...] will apply; for the benefit of
Added to glossary by
cc in nyc
Feb 6, 2011 20:18
13 yrs ago
3 viewers *
French term
accuracy and rapidity
Native in: English
Works in: French to English, Spanish to English
sur laquelle porteront les droits
French to English
Bus/Financial
Accounting
mergers
Ce boni constituera une prime de fusion qui sera inscrite au passif du bilan de la société Absorbante et sur laquelle porteront les droits de tous les actionnaires anciens et nouveaux de la Société .
I really don't understand what they are getting at. The merger premium is a liability that will bear the rights of all old and new shareholders - That doesn't sound right. Grateful for any ideas.
I really don't understand what they are getting at. The merger premium is a liability that will bear the rights of all old and new shareholders - That doesn't sound right. Grateful for any ideas.
Proposed translations
(English)
| 5 | to which the rights of [...] will apply |
cc in nyc
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| 4 | and will bear all the rights |
Cécile A.-C.
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| 4 | to which (shareholders) have right |
Jack Dunwell
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Change log
Feb 14, 2011 21:55: cc in nyc Created KOG entry
Proposed translations
2 hrs
Selected
to which the rights of [...] will apply
This was a case of "I know what it means, but how does it get phrased?" So I did some research and (surprise) did not find a fixed formula.
i think the following passage explains most clearly what's happening:
"the shareholders meeting approves [...] the amount of the merger premium consisting of the difference between the net asset value contributed, or 218 710 140.23 euros, and the nominal value of the securities created as remuneration, or 73 182 890 euros, which will be credited to a “merger premium” account in the amount of 145 527 250.23 euros, to which the rights of the old and new shareholders shall apply;"
sourece: http://www.eurazeo.fr/uk/04_communication/telechargements/An...
But there are other way of phrasing this:
"which would be accounted in the liabilities of the balance sheet of the absorbing company and would belong to all the old and new shareholders."
source: http://www.ccsenet.org/journal/index.php/ijef/article/downlo...
"Merger Premium which carries shareholder rights totalling 30,178,158 francs"
source: http://www.sopragroup.it/content_data/sopragrp/en/2214/FR199...
"merger premium [...] relating to the rights of old and new shareholders"
source: http://www.bpce.fr/en/content/download/3164/27528/version/2/...
BTW, if you look on the Internet, you'll find more variations.
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Note added at 2 hrs (2011-02-06 23:15:06 GMT)
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Oops, I forgot to turn bold off.
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Note added at 2 hrs (2011-02-06 23:15:34 GMT)
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Try again.
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Note added at 4 hrs (2011-02-07 00:48:09 GMT)
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Got it! :-))
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Note added at 20 hrs (2011-02-07 16:42:19 GMT)
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As good as the above suggestions may be, after some more thought, I might consider a more concise formula:
for the benefit of the Company's old and new shareholders
i think the following passage explains most clearly what's happening:
"the shareholders meeting approves [...] the amount of the merger premium consisting of the difference between the net asset value contributed, or 218 710 140.23 euros, and the nominal value of the securities created as remuneration, or 73 182 890 euros, which will be credited to a “merger premium” account in the amount of 145 527 250.23 euros, to which the rights of the old and new shareholders shall apply;"
sourece: http://www.eurazeo.fr/uk/04_communication/telechargements/An...
But there are other way of phrasing this:
"which would be accounted in the liabilities of the balance sheet of the absorbing company and would belong to all the old and new shareholders."
source: http://www.ccsenet.org/journal/index.php/ijef/article/downlo...
"Merger Premium which carries shareholder rights totalling 30,178,158 francs"
source: http://www.sopragroup.it/content_data/sopragrp/en/2214/FR199...
"merger premium [...] relating to the rights of old and new shareholders"
source: http://www.bpce.fr/en/content/download/3164/27528/version/2/...
BTW, if you look on the Internet, you'll find more variations.
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Note added at 2 hrs (2011-02-06 23:15:06 GMT)
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Oops, I forgot to turn bold off.
--------------------------------------------------
Note added at 2 hrs (2011-02-06 23:15:34 GMT)
--------------------------------------------------
Try again.
--------------------------------------------------
Note added at 4 hrs (2011-02-07 00:48:09 GMT)
--------------------------------------------------
Got it! :-))
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Note added at 20 hrs (2011-02-07 16:42:19 GMT)
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As good as the above suggestions may be, after some more thought, I might consider a more concise formula:
for the benefit of the Company's old and new shareholders
4 KudoZ points awarded for this answer.
Comment: "Thanks. Your explanations made it clear."
1 hr
Cécile A.-C.
United States
United States
Native in French
Specializes in field
United States
A true language partner...
Native in: Portuguese (Variant: Brazilian) 
, French (Variant: Standard-France) 
Works in: Portuguese to French, English to French, French to English, and 12 more.
and will bear all the rights
This bonus will be a merger premium shown as a liability in the balance sheets of the Absorbing Company, and will bear all the rights of all old and new sharholders.
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Note added at 3 hrs (2011-02-07 00:16:49 GMT)
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will bear the rights of all old and new shareholders.
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Note added at 3 hrs (2011-02-07 00:16:49 GMT)
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will bear the rights of all old and new shareholders.
Peer comment(s):
| neutral |
cc in nyc
: But it's "une prime de fusion [...] sur laquelle porteront les droits de tous les actionnaires [...]"–the shareholders will have [pl] rights to the merger premium // "This bonus will bear" is singular (& subject and object are reversed)
23 mins
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will bear (is plural) as well (he will bear or they will bear) however 'have' does not mean 'porter' there is a strong nuance there.
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| neutral |
writeaway
: who/what will bear rights? what does it mean to bear rights??? /actually I do know and was hoping for some sort of explanation because it makes no sense here at all. but if there is no explanation, tant pis
3 hrs
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this is general law language, look for its meaning if you don't know.
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| neutral |
Aude Sylvain
: agree with our En native colleagues - contresens
15 hrs
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| neutral |
Rob Grayson
: With writeaway and Aude – "bear rights" is pretty meaningless here as far as I can see
16 hrs
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21 hrs
to which (shareholders) have right
The difference between the net asset value and price paid is the premium.
This is part of Shareholders' funds along with accumulated profits and reserves
This is part of Shareholders' funds along with accumulated profits and reserves
Discussion
377.592,75 euros sur lequel porteront les droits de tous les actionnaires, anciens et nouveaux de la Société [...]
source: http://recherche.lerevenu.com/actifs-bilan.html
Le montant de la prime d’émission sera inscrit au passif du bilan à un compte spécial « prime d’émission » sur lequel porteront les droits de tous les actionnaires anciens et nouveaux.
source: http://www.ufi.com.tn/plateforme/viewnews.php?IDNews=778