consolidated (adjective, con-sol-i-dat-ed, \ kənˈsɑːləˌdetəd \) alliance (noun, al-li-ance, \ əˈlaɪəns \)
Definition: a deal regulating the acquirement of the majority of shares of one company by another firm with the specification that the regular working staff and mid-level management will remain mostly unchanged. This agreement is reached either as a result of a company going bankrupt or the belief that such a decision will be a win-win situation for both parties. A consolidated alliance is also oftentimes a logical outcome of a joint venture, when the best way forward is the integration of one firm into another.
In a Sentence:
- Thanks to the finalization of the consolidated alliance between the two companies, John has managed to save his position as the branch manager in Brighton.
- Considering how our client base has decreased over the last few years, I think the only reasonable solution is to form a consolidated alliance with one of our bigger competitors.
Synonyms and related words: strategic alliance, joint venture, outsourcing, franchising, industry standard groups
