change (noun, change, \ tʃeɪndʒ \) in control (noun, con-trol, \ kənˈtroʊl \)
Definition: is a situation in which either a company is purchased by another company or when a substitution occurs in the ownership of a single enterprise due to an existing or new shareholder acquiring its majority shares. When a change in control takes place, all company investors are advised to evaluate and estimate how such a shift can alter the value of the enterprise and decide whether they should pull out their money.
In a Sentence:
- After our majority stockholder passed away, our company underwent a change in control.
- Even though regular line employees were unaware of the change in control taking place, they felt that something grand was happening and that their company will soon be transformed.
- Once the deal with Solar-Tech was finalized, the workers at LeadBlock understood that a change in control was inevitable.
Synonyms and related words: change control, acquisition, merger, cash merger
