Mastering TOEIC Reading: Comprehensive Practice for Understanding Company Merger Notifications

TOEIC Reading Practice: Parts 1 & 2

Part 1: Incomplete Sentences

1. The proposed merger between two leading tech companies is expected to __ significant changes in the industry landscape.
   A. bring about
   B. bring up
   C. bring in
   D. bring down

2. Shareholders must carefully __ the terms of the merger agreement before voting on the proposal.
   A. review
   B. revise
   C. revive
   D. reveal

3. The antitrust regulators are __ to scrutinize the merger for potential anti-competitive effects.
   A. likely
   B. unlikely
   C. probably
   D. possibly

4. The company’s board of directors issued a formal __ regarding the proposed merger to all stakeholders.
   A. notification
   B. notion
   C. notation
   D. notice

5. The merger is expected to result in significant __ through the consolidation of operations and resources.
   A. synergies
   B. strategies
   C. syntheses
   D. symptoms

6. Both companies have agreed to a __ period during which they will conduct due diligence.
   A. standstill
   B. standby
   C. standout
   D. standoff

7. The __ of the merger will depend on approval from regulatory bodies in multiple jurisdictions.
   A. consummation
   B. consumption
   C. conservation
   D. constellation

8. Employees of both companies are concerned about potential job __ following the merger.
   A. losses
   B. loses
   C. lost
   D. loose

9. The merger announcement caused the stock prices of both companies to __ significantly.
   A. fluctuate
   B. fluctuation
   C. fluctuating
   D. fluctuated

10. The companies have hired a team of __ advisors to guide them through the complex merger process.
    A. financial
    B. finance
    C. financing
    D. financed

11. The merger is expected to __ the combined company’s market share in key segments.
    A. expand
    B. expanse
    C. expansion
    D. expanded

12. Shareholders will receive a detailed __ outlining the benefits and risks of the proposed merger.
    A. prospectus
    B. prospect
    C. perspective
    D. projection

13. The merger agreement includes a __ clause that allows either party to back out under certain conditions.
    A. termination
    B. terminal
    C. terminate
    D. terminated

14. The companies must obtain __ from various regulatory agencies before proceeding with the merger.
    A. clearance
    B. clarity
    C. clearing
    D. cleared

15. The merger is expected to create a more __ entity capable of competing on a global scale.
    A. robust
    B. robustness
    C. robustly
    D. robuster

16. Both companies have agreed to __ their financial records as part of the due diligence process.
    A. disclose
    B. disclosure
    C. disclosing
    D. disclosed

17. The merger notification must include detailed information about the __ structure of the combined entity.
    A. ownership
    B. own
    C. owning
    D. owned

18. The companies have issued a joint __ to address concerns about potential job losses resulting from the merger.
    A. statement
    B. state
    C. stating
    D. stated

19. The merger is expected to result in significant cost __ through the elimination of redundant positions.
    A. savings
    B. saves
    C. saved
    D. save

20. The antitrust review process may __ the completion of the merger by several months.
    A. delay
    B. delaying
    C. delayed
    D. delays

21. The merger agreement includes provisions for the __ of key executives from both companies.
    A. retention
    B. retaining
    C. retain
    D. retained

22. Both companies have agreed to __ their operations in certain markets to address antitrust concerns.
    A. divest
    B. divestment
    C. divesting
    D. divested

23. The merger is expected to create significant __ opportunities in emerging markets.
    A. growth
    B. grow
    C. growing
    D. grown

24. Shareholders will have the opportunity to __ questions about the merger during a special meeting.
    A. raise
    B. rise
    C. rising
    D. risen

25. The companies have engaged in extensive __ to ensure a smooth integration of their operations.
    A. planning
    B. plan
    C. planned
    D. plans

26. The merger notification must provide a detailed __ of the transaction’s potential impact on competition.
    A. analysis
    B. analyze
    C. analyzing
    D. analyzed

27. Both companies have agreed to maintain __ operations until the merger is finalized.
    A. separate
    B. separation
    C. separating
    D. separated

28. The merger is expected to result in the __ of certain product lines to streamline the combined portfolio.
    A. consolidation
    B. consolidate
    C. consolidating
    D. consolidated

29. The companies must provide __ financial projections as part of the merger notification process.
    A. comprehensive
    B. comprehension
    C. comprehending
    D. comprehended

30. The success of the merger will depend on effective __ of the two companies’ corporate cultures.
    A. integration
    B. integrate
    C. integrating
    D. integrated

TOEIC Reading Practice: Understanding Company Merger Notifications

Part 2: Text Completion

Questions 31-34 refer to the following text:

The proposed merger between TechCorp and InnoSys has sent shockwaves through the tech industry. Analysts predict that the combined entity will (31) __ a formidable competitor in the global market. The merger notification, filed with regulatory authorities last week, (32) __ detailed information about the transaction’s structure and potential impact on competition. Both companies have emphasized that the merger will (33) __ significant synergies and cost savings. However, some industry observers have expressed concerns about potential job losses and (34) __ in innovation due to reduced competition.

31. A. emerge as
    B. emerge with
    C. emerge from
    D. emerge by

32. A. included
    B. includes
    C. including
    D. include

33. A. result in
    B. result to
    C. result for
    D. result with

34. A. a decrease
    B. an increase
    C. a decreasing
    D. an increasing

Questions 35-38 refer to the following text:

The antitrust review process for the TechCorp-InnoSys merger is expected to be (35) __. Regulators will closely examine the potential impact on market concentration and consumer choice. The companies have (36) __ to divest certain assets to address competition concerns. Additionally, they have committed to (37) __ current employment levels for at least two years following the merger. Despite these assurances, some stakeholders remain skeptical about the long-term implications of the deal. The final decision on the merger is expected to be (38) __ within the next six months.

35. A. rigorous
    B. rigorously
    C. rigor
    D. rigors

36. A. agreed
    B. agreeing
    C. agreement
    D. agrees

37. A. maintain
    B. maintaining
    C. maintained
    D. maintains

38. A. announce
    B. announced
    C. announcing
    D. announcement

Questions 39-42 refer to the following text:

Shareholders of both TechCorp and InnoSys will soon receive a comprehensive merger prospectus (39) __ the terms of the proposed transaction. The document will outline the strategic rationale for the merger, including projected financial benefits and potential risks. It will also (40) __ information about the proposed management structure of the combined entity. Shareholders will have the opportunity to vote on the merger at special meetings scheduled for next month. The boards of directors of both companies have unanimously (41) __ the deal, citing the potential for enhanced shareholder value. However, the merger still faces several regulatory (42) __ before it can be finalized.

39. A. detailing
    B. detailed
    C. detail
    D. details

40. A. provide
    B. provides
    C. providing
    D. provided

41. A. recommended
    B. recommendation
    C. recommending
    D. recommends

42. A. hurdles
    B. hurdle
    C. hurdling
    D. hurdled

Questions 43-46 refer to the following text:

The integration planning for the TechCorp-InnoSys merger is already (43) __, despite the transaction still pending regulatory approval. A joint integration committee has been formed to oversee the process and ensure a smooth transition. Key areas of focus include harmonizing IT systems, aligning corporate cultures, and identifying opportunities for operational efficiencies. The companies have also (44) __ external consultants to assist with the integration process. Employee communication has been identified as a critical factor in the merger’s success, and both companies have committed to (45) __ transparency throughout the process. The integration plan aims to (46) __ the best practices from both organizations to create a stronger, more competitive entity.

43. A. underway
    B. under way
    C. underwayed
    D. underways

44. A. engaged
    B. engaging
    C. engagement
    D. engages

45. A. maintaining
    B. maintain
    C. maintained
    D. maintains

46. A. leverage
    B. leveraging
    C. leveraged
    D. leverages

TOEIC Reading Comprehension: Merger Integration Planning

Answer Key

Part 1: Incomplete Sentences

1. A
2. A
3. A
4. D
5. A
6. A
7. A
8. A
9. A
10. A
11. A
12. A
13. A
14. A
15. A
16. A
17. A
18. A
19. A
20. A
21. A
22. A
23. A
24. A
25. A
26. A
27. A
28. A
29. A
30. A

Part 2: Text Completion

31. A
32. B
33. A
34. A
35. A
36. A
37. A
38. B
39. A
40. A
41. A
42. A
43. A
44. A
45. B
46. A

This comprehensive TOEIC Reading practice set focuses on understanding company merger notifications, providing learners with valuable exposure to related vocabulary and concepts. The questions cover various aspects of mergers, including regulatory processes, financial implications, and integration challenges. By practicing with these materials, test-takers can improve their ability to comprehend complex business texts and enhance their performance on the TOEIC Reading section.