Staple deal: The request could not be satisfied

10% Off In August 2021 | Staples Coupons

Check Out These Other Staples Promo Codes & Sales

Type of DiscountRecent Staples Coupons
Code30% off when you spend $150 with this Staples coupon30%❌ 
SalePrinters from Staples for up to $75 off$75✔️
Special Offer10% teacher and student discount at Staples10%❌ 
SaleUp to 50% off select office supplies at Staples50%✔️
CodeCoupon code for $25 off $75 at Staples$25❌ 

Everything For Your Office

Whether you are an architect, accountant, student, or teacher, you can find all the office supplies you need while shopping online. Some of their best-selling Staples office supplies include printers, laptops, and writing utensils, but you can save across all of their categories no problem- even on Staples toilet paper! 

Aside from products, they also offer several services both offline and online. Their most popular online service is Staples ePrint, which lets you design and save documents such as letterheads or even Staples business cards, which is perfect for when you want to do things yourself. This Staples printing service is also available for bulk or single-page printing of many types of documents, including personalized Staples business cards. There’s also a Staples shredding service, which is convenient and cost-effective for getting rid of sensitive documents.

To enjoy all of these products and services at the lowest prices, use a Staples coupon or Staples discount code!

Endless Ways To Save

There are several ways to save money when shopping for all of your must-have Staples file cabinets for your office space or even just some Staples photo printing projects. The first is by shopping during a Staples sale, especially their larger holiday events such as Black Friday, for huge discounts across almost all of their categories. During one of these sales, we recommend you pick up more expensive items such as Staples laptops or even a Staples desk, as you won’t see markdowns this huge until the next event.  

You can also save money by joining the Staples Advantage program. It’s a membership program that lets you save up to 65% on best-selling Staples office supplies and more; members of the program also enjoy free next-business-day delivery on most orders, so head to their website and sign up for free to get started. Lastly, you can always save by shopping with a Staples coupon or Staples promo code from our page!

Shopping at Staples 

You can shop for Staples office supplies and furniture at any outlet, but if convenience is your priority, it doesn’t get better than shopping online. It’s open 24/7 and you can browse the store’s entire stock from the convenience of your computer or mobile device. You can even place a Staples printing order while on the go, just don’t forget to apply a Staples discount code to save. 

Currently, they offer free delivery to all orders made online within the United States. If you would like to receive your order quickly, you will have to pay for express delivery, just remember to check out the Staples sale or use a Staples coupon first to save on the upgrade.   For orders that don’t meet your expectations, the Staples return policy lets you return the items for a refund or exchange. However, the returned item must be in its original condition and sent back to the store within 30 days of receipt.

Teachers save at Office Depot, Staples

Target’s back-to-school teacher discount is back for a limited time.

For the fourth year, the retailer is offering educators 15% off select classroom supplies and essentials in-store and online July 18 through July 31, officials shared with USA TODAY. Last year, the teacher savings lasted six weeks amid the COVID-19 pandemic.

The discount, which can be redeemed only once during Target’s Teacher Prep Event, is for “K-12 teachers, homeschool teachers, teachers working at daycare centers and early childhood learning centers, university or college professors and vocational/trade/technical school teachers.”

But to save, teachers need to verify their eligibility through the Target Circle loyalty program.

►School supply shortage: Backpacks, shoes could be hard to find, so shop early, experts say

►Ibotta savings guide: Saving money is hard. How Ibotta makes it easier to get discounts and earn cash back on groceries, travel and more

Target Circle teacher discount: How to sign up

Teachers can sign up now at Products eligible for the discount can be found here. 

Exclusions apply and the discount can’t be used on backpacks, clearance, electronics, lunch bags, items sold and shipped by Target+ Partners and more.

With the free Target Circle, available on the Target app for Apple and Android devices, there are hundreds of Circle offers for all shoppers, typically ranging from 5% to 50% off in categories such as groceries, clothes, furniture, baby products, health, seasonal and more.

►How to get the most from Target Circle: Save, get deals and earn cash back with Target’s free loyalty program

►Save better, spend better:  Money tips and advice delivered right to your inbox. Sign up here

All shoppers nationwide with an existing or RedCard credit or debit card are automatically enrolled in Target Circle. Shoppers also can join by making a account or by giving their phone numbers in a Target store. Learn more here.

Retailers often offer teachers discounts throughout the year, including during Teacher Appreciation Week in May and ahead of the back-to-school season. Kohl’s had a three-day teacher discount for the first time from July 16-18.

Office Depot teacher discount

Teachers who are Office Depot OfficeMax Rewards members can get a coupon to earn 20% back in rewards on a qualifying in-store purchase at

Also, teachers can get 40% off print services for new classroom posters, instructional materials, student activities and assignments, name tags and more when they present a valid teacher ID in-store at checkout. Both offers are valid through Sept. 30.

►Walmart back to school 2021: Walmart adding Justice tween brand to 2,400 stores, Walmart. com in time for back-to-school shopping

►Free school supplies: Cashback app Ibotta giving away free school supplies for back to school at Walmart, Target and more

Dollar General teacher discount

Through Sept. 6, Dollar General has a new teacher discount with 30% off qualifying, in-store purchases of back-to-school and stationery items.

Qualifying purchases include pens, pencils, markers, crayons, paper, notebooks, scissors, binders, folders, glue, rulers, backpacks and lunch kits, according to the promotion’s fine print.

Teachers need to sign in or create a Dollar General account and then can register and complete the educator verification process at Approximately 24 to 48 hours after verification, teachers will be able to add the discount to their account through a digital coupon.

The coupon can be used up to four times during the promotion and is limited to one use per day. To apply the discount at checkout, enter the phone number associated with your Dollar General digital coupon account on the pin pad at the register.

Staples teacher discount

Staples is offering a 20% teacher discount now through Sept. 30 to teachers and school administrators who participate in Classroom Rewards, a new program on the chain’s Staples Connect app.

The office supply retailer also announced the launch of Classroom Rewards last week. With the program, parents can give a percentage of their in-store Staples purchase back to an enrolled teacher or school of their choice, the retailer said in a news release.

►Sunscreen recall 2021: J&J recalling select Neutrogena and Aveeno sunscreen due to presence of benzene

► Popeyes nuggets coming soon: Popeyes to add chicken nuggets to menu based on its chicken sandwich recipe in late July

Meijer teacher discount

Midwest retailer Meijer is offering a 15% teacher discount through Sept. 6 on school and home office supplies at its 257 stores in Michigan, Ohio, Indiana, Illinois, Wisconsin and Kentucky.

To get the discount, teachers show a current school ID at their store’s customer service desk and can get a new coupon each time they shop through Sept. 6.

This year, the chain added office furniture and kids’ apparel to the more than 1,500 items now included in its annual discount. Electronics, calculators, home delivery and pickup purchases are excluded. Learn more at 

Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko. For more shopping tips and deals, join us on our Shopping Ninjas Facebook group. 

Lakers extend STAPLES Center partnership through 2041 season

LOS ANGELES – Seventeen-time NBA Champions, the Los Angeles Lakers and AEG, the owners of STAPLES Center, have signed a long-term lease extension agreement ensuring that the defending World Champions will remain in their downtown Los Angeles home arena through the 2041 season.

Since beginning their first season on November 3, 1999 at the iconic venue, the Lakers have achieved the most successful two decades in franchise history, posting both regular season (987-780) and playoff (139-79) records during that time on the way to winning six NBA championships, including last season’s record tying 17th title in the NBA bubble.

— Los Angeles Lakers (@Lakers) May 27, 2021

Separately, AEG and the Lakers confirmed their plans to make a wide array of significant capital improvements and upgrades throughout STAPLES Center.

“We are excited to extend our partnership with AEG.  STAPLES Center ranks as one of the best arenas in the world to play and watch basketball and we are thrilled to be able to call it home for another two decades,” said Jeanie Buss, Governor, Los Angeles Lakers.  The decision was made first and foremost with our fans and players in mind and AEG’s commitment to investing significant capital in the arena means that the Lakers will continue to play in one of the world’s premier venues.  From the very beginning, AEG proved to be more than just the best arena operators in our industry, and on a daily basis they continue demonstrating why they are the best partner an organization could ask for.

“When we began developing STAPLES Center, AEG had a singular goal — to create a showplace venue that would become the heart of sports in Los Angeles, home to the best franchises, events and fans,” said Dan Beckerman, CEO and President, AEG.  “There is no doubt that our partnership with the Buss Family and the Lakers solidified the arena’s legendary status from the beginning and brought some of the most memorable moments in sports and entertainment history to fans. We look forward to another 20 years of our successful partnership with the Lakers and believe that the investments we are making will ensure that STAPLES Center remains the epicenter for sports and entertainment, delivering the most exciting events in the world.”

“The true winners today and for the future are our incredible fans, the greatest fans in all of professional sports,” said Tim Harris, President of Business Operations, Los Angeles Lakers.  “For more than 20 years, Dan, Lee, and everyone on the arena’s staff has continually shared our vision and commitment to delivering first-class experiences to our players and our fans.

“I couldn’t be more thrilled with today’s announcement and want to thank all of my colleagues who have played such important roles in creating so many unforgettable sports and entertainment moments in our arena,” said Lee Zeidman, President of STAPLES Center, Microsoft Theater and L.A. LIVE.  “For the past two decades, along with hosting 11 championship seasons achieved by the Lakers, Kings and Sparks, STAPLES Center and LA LIVE have helped drive the revitalization of downtown, bringing millions of fans to Los Angeles each year. Our planned renovations combined with the new Laker championships that are destined to be in our future, mean that the best is yet to come.”

Apple’s AirPods Pro are $179 at Staples through the rest of July

Photo by Chris Welch / The Verge

This story is part of a group of stories called

Only the best deals on Verge-approved gadgets get the Verge Deals stamp of approval, so if you’re looking for a deal on your next gadget or gift from major retailers like Amazon, Walmart, Best Buy, Target, and more, this is the place to be.

Staples is hosting some stellar back-to-school deals this week, especially if tech is on your checklist. The AirPods Pro are $179 (visible on the third page of the ad) and are available at this price in-store only. Originally $249, these have been falling in price, but it’s not often that they sell for less than $189. It’s worth mentioning that Staples is also offering Apple’s HomePod Mini for $89, which ties for the lowest price yet. Unlike the AirPods Pro, Staples is offering this miniature smart speaker in-store or online.

Apple HomePod Mini

HomePod Mini is the only smart speaker Apple currently sells. It’s more affordable than the standard HomePod was when it was still in production, and its output is predictably smaller. However, it has many of the same features.

As noted by Slickdeals, the second-generation Apple Pencil that’s compatible with iPads that have a USB-C port is $99 at Best Buy and Amazon (delivery at Amazon currently delayed to August 12th). This is $30 lower than its usual price, and students who want to take notes during class should hop on this deal. Compared to the first-generation Apple Pencil that clumsily recharges via an iPad’s Lightning port, this one magnetically attaches to the side of your iPad to power up.

Apple Pencil (second generation)

Apple’s second-generation Pencil ditches the awkward Lightning port charging, adopting a magnetic mechanism that attaches to the side of the iPad Pro and iPad Air. It can also recharge while magnetically attached.

Brydge has kicked off its back-to-school sale today, lasting through Sunday, September 5th. It’s offering deals on many of its accessories, including screen protectors, cases, Bluetooth keyboard cases, and USB-C hubs. You can shop on Brydge’s site or Amazon for the deals. Here are the most appealing offers so far:

Anker is offering a solid deal on its 20W Nano USB-C wall charger that includes a six-foot Lightning to USB-C cable. You can get the two together for $24, down from $30. Considering that Apple’s similarly powerful 20W charger costs $19 by itself and doesn’t include a fast-charging cable, this bundle stands out as a great deal.

Islanders dealing first-round pick to Vegas, also likely trading Mikhail Grabovski to expansion franchise, sources say

The Islanders have a deal in place to send their first-round pick to Vegas to steer the expansion franchise toward selecting a designated player off the Isles’ unprotected list, two NHL sources confirmed to Newsday on Monday.

TSN first reported the existence of the deal.

The player designated for selection is still unknown, though clearly the goal for general manager Garth Snow is to clear some salary-cap space to upgrade the team’s roster before next season.

The deal also includes a third piece going to Vegas.

There is a strong possibility that it would be Mikhail Grabovski, who has yet to be cleared to play after suffering a concussion in March of 2016. Grabovski’s $5-million cap hit is on the books for one more season for the Islanders, who are already within $4 million and change of the coming season’s $75-million salary cap.

recommended reading

Isles leave Nelson, Strome, de Haan unprotected

Multiple reports indicate that Snow has been working the phones to try and secure a high-end offensive talent to bolster the team behind John Tavares.

The Avalanche’s Matt Duchene has been the Isles’ most coveted target, along with Oilers wing Jordan Eberle. The Isles also have been in talks with the Canadiens regarding forward Alex Galchenyuk. All three of those teams are searching for defensemen and the Islanders are believed willing to surrender Travis Hamonic to upgrade their offense.

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A league source told Newsday that Tavares, who is entering the final year of his contract, has indicated he is willing to wait on signing an extension and feels more confident in the direction the Islanders are headed.

When the season ended, it was believed Snow needed to get Tavares’ signature on an extension by July 1 or risk losing the team’s star and captain for nothing when his deal is up after next season. The Isles would also have likely entertained trading Tavares in the coming weeks in that scenario, had Tavares said he wasn’t interested in signing long-term.

Now, he appears willing to wait and possibly head into the final year of his deal without an extension, though not to bolster his chances of leaving the team.

recommended reading

Isles return to Coliseum for preseason opener

Arthur Staple was the Islanders beat writer. He was at Newsday from 1997 to 2018 and has covered hockey for more than a decade.

20% Off | Staples Coupons

FAQs – Frequently Asked Questions about Staples coupon codes

Which products can I get Staples coupons for?

Staples has everything you need for a safe and productive office environment. Here’s just a few of our favorite Staples deals:

  • $100 off antivirus software

  • $25 in cashback rewards when you buy printer ink

  • Free cleaning supplies when you spend $75 or more

  • 30% off holiday cards

  • 15% off a keyboard and mouse combo

  • $25 off a computer monitor

How do I use a Staples coupon code?
  1. Choose the staples discount code that you want to use and copy it exactly.

  2. Add your purchases to your digital cart.

  3. Go to the checkout page and click “Apply coupons.”

  4. Paste the coupon code into the box and hit “Apply.”

  5. The discount should be automatically added to your purchase.

What should I do if my Staples coupon code doesn’t work?
  • Did you copy and paste the code exactly?

  • Did you meet the minimum purchase amount?

  • Do you have to add certain products to your cart to be eligible?

  • Did the Staples promo code expire?

  • Has the sale not officially started yet?

  • Are you allowed to combine the Staples promo code with other offers?

Can I combine Staples coupons?

You may combine Staples coupons on a single purchase. However, you’re limited to only five coupons per purchase, so make sure you use the right combination of Staples promo codes to get the best possible deal in getting the savings you are looking for.

The best Staples online deals and offers

The Staples sale

To check out the daily Staples sales, visit the “My Deals” page on their website. This page offers extensive deals that allow you to save money on a variety of products. Past Staples clearance sales have included 50% off printer paper, 45% off office chairs, and 27% off computer mice.

Free shipping at Staples

You can enjoy free shipping at Staples at different times throughout the year. The store frequently offers free shipping for most products in their store with no minimum purchase. Some products even offer free next-day delivery. For certain products, you might have to pay a small handling fee.

Staples military discount

Unfortunately, there is no Staples military discount. If you want to save money on your purchases, check out the “Clearance” page for exclusive deals on various items. You can also check out the “Coupon Corner” for the latest Staples promo codes and coupons. Join their rewards program for even more savings.

Staples cashback

To earn Staples cashback, sign up for the Staples rewards program. Lower-tier spenders can receive 2% in rewards, while higher-tier spenders can receive 5% in rewards. You can use your rewards to save money on future purchases. Rewards can be emailed to you or delivered through the mail.

Staples student discount

While there is no Staples student discount, students can still save money on school supplies. Check out the “My Deals” and “Coupon Corner” pages for all the latest Staples coupons and promo codes. You can also sign up for their rewards program and start earning rewards on your purchases.

Staples sign-up offer

There is no official Staples sign-up offer. However, if you sign up for the Staples email newsletter, you can get Staples newsletter coupons, and discounts delivered right to your inbox. Simply type your email address in the form on the website and hit the “Subscribe” button.

Staples membership

To earn extra rewards on your purchases, sign up for a Staples membership. This Staples rewards program allows you to receive 2% or 5% in rewards, depending on how much you spend over a 12-month period. You’ll also get access to bonus days, free returns, access to ink and toner cartridge recycling, and exclusive Staples rewards for members.

Staples friends and family sale

The Staples friends and family sale allows you to take a large discount off your entire purchase. The discount can vary from year to year, but past discounts have offered 15% off your entire order or $25 off any order of $250 or more. The sale usually only lasts one or two days, so act quickly.

Staples refer a friend

In the past, the Staples refer a friend promotion has offered $20 for anyone who refers a friend to Staples. This promotion is not currently active, but it might start again in the future. Sign up for their newsletter to be notified when this promotion goes live.

Staples price match policy

Unfortunately, there is no Staples price match policy in place. However, if you find that an item you recently purchased has been discounted, Staples will refund you the difference within 14 days after you made the purchase. 

Staples printing coupons

Staples printing service is a great way to get cards, photos, banners, business cards, and more printed in bulk for a great price. Staples regularly offers printing coupons and promotions so check out the Staples printing website for chances to save. Additionally, shipping is free on Staples printing orders over $49.99. 

Staples Black Friday sale 

The Staples Black Friday sale typically offers big savings on electronics, such as printers, laptops, and headphones. Don’t miss out on the opportunity to purchase Apple Airpods or a brand new HP printer for a discounted price! Check back here for more coupons to increase your savings! 

Enjoy the summer and get ready for school to start again with Michaels’ summer sales. You can get a discount on craft supplies, school supplies, and decorations during Labor Day, Independence Day, the start of the back-to-school season, and other important dates.

Can I expect a Michaels 4th of July sale 2021?

When the Michaels Fourth of July sale launches in 2021, you might be able to save 20% off patriotic craft supplies and decorations. In previous years, the Michaels Independence Day sale has involved a coupon code that you had to use to get the discount. Popular items include balloons, party decorations, paper plates, yard signs, and other products that you might need for your Fourth of July party.

Will there be a Michaels summer sale in 2021?

The Michaels summer sale in 2021 will probably launch sometime in July. In previous years, the Michaels summer clearance sale has offered 70% off craft supplies and decorations. You might find another sale in September that takes up to 70% off various products in the store. The sales can vary every year, but you might be able to save money on frames, home decorations, canvases, baskets, flowers, beads, shadow boxes, and much more.

Is there Michaels back to school sale in 2021?

Take advantage of the Michaels school supplies sale to save money on everything that your family needs for the upcoming school year. If you’re a teacher, you might be able to save 15% on your purchase. For parents, the Michaels back-to-school sale in 2021 might offer 20% off school supplies for your kids. This could include crayons, markers, pencil sharpeners, and more. Michaels also sells classroom supplies like decorations, stickers, labels, and organizers.

Will there be a Michaels tax-free weekend in 2021?

In previous years, there has been no Michaels tax holiday. There might be a Michaels tax-free day in 2021, but certain people can also take advantage of a tax exemption throughout the year. If you’re part of a tax-exempt organization, you can sign up on the Michaels website and provide the documentation to prove that you’re part of a charity, school, or religious organization. Although there is no official Michaels sales tax-free weekend, there are other ways to save.

How can I save during the Michaels Labor Day sale?

In 2020, the Michaels Labor Day sale included an impressive 60% off various products. Other Michaels Labor Day deals included 50% off paper, 40% off home decor, 30% off Halloween decorations, and 20% off your entire purchase. You might also be able to take advantage of “buy one get one free” deals. For Michaels Rewards members, you might be able to earn extra rewards points when you shop online during this time.


90,000 Friendly transactions as the main trend in mergers and acquisitions of companies Text of a scientific article in the specialty “Economics and Business”

in the sector for the production of non-tradable goods are lower, the equilibrium prices in the national market for such goods are also lower than in developed countries. Therefore, thanks to the industries producing nontradable goods, the overall price level in poorer countries is lower than in advanced economies.

Another, not alternative, but complementary to the above, explanation of the “riddle” of PPP was proposed by economists Ya.Bhagwati, I. Kravis and R. Lipsi (1983-1984). They also applied the provision on the presence in the economies of countries with different levels of development of two sectors – the production of tradable and non-tradable goods, but focused on the capital-labor ratio of the economies of these groups of countries. At the same time, capital is used to a greater extent in the sectors for the production of tradable goods; many types of services require mainly labor costs for their production, rather than capital.

So, if there is a lot of capital in rich countries, then the marginal labor productivity in industries that use capital is relatively high (compared to poor countries), which means that in these countries wages are also higher.In poor countries with capital shortages, marginal labor productivity is low and wages will also be low. And the further logic of explanation in the framework of the approach of Bhagwati and his colleagues completely coincides with the approach of Balassa and Samuelson: it turns out that the average price level in emerging market countries must inevitably be lower than in developed ones.

This conclusion, as we already know, is confirmed by applied statistical research and, in addition, it indicates that the theory of purchasing power parity of currencies cannot be fully implemented in practice.List of used literature:

1. Lyamenkov A.K., Lyamenkova E.A. On the question of the feasibility of the theory of purchasing power parity of currencies // New science: strategies and development vector: International scientific periodical following the results of the International scientific and practical conference (October 19, 2015, Sterlitamak). -Sterlitamak: RITs AMI, 2015 .– 202 p.

2. World Bank. Data.PPP conversion factor, GDP. – [Electronic resource]. – Access mode: – (date of access: 15.10.2015).

3. International Monetary Fund. Data. International Financial Statistics. – [Electronic resource]. – Access mode: – (date of access: 15.10.2015).

4.Krugman P.R., Obstfeld M. International Economics. – SPb .: Peter, 2003 .– 832 p.

© A.K. Lyamenkov, E.A. Lyamenkova, 2016

UDC 65.013

Markova Valeria Alexandrovna

Master student of the direction “Economics” Shutaeva Elena Alekseevna

Candidate of Economic Sciences, Associate Professor of the Department of World Economy, Institute of Economics and Management, KFU named afterIN AND. Vernadsky “

Simferopol, Republic of Crimea E-mail: [email protected]




In the article, friendly mergers and acquisitions are considered as the main trend in M&A transactions, the study of which is very relevant at the present time.The main reasons for making transactions and the main ways of their conclusion are highlighted.



Shining, takeover, friendly merger, amalgamation, reorganization, consolidation of assets,

purchase of shares.

Currently, most M&A deals are almost non-hostile. Friendly mergers and acquisitions are becoming a global trend, both in foreign countries and in Russia.

The works of well-known economists have already proven the positive impact of mergers and acquisitions on the domestic economy due to the fact that the rotation of owners is necessary to maintain efficiency and prevent stagnation.There are also opposite opinions, but in the situation of an increase in friendly mergers and acquisitions, one can judge the investment attractiveness of Russia and the stability of its business relations.

The following main reasons for M&A transactions can be identified:

1. Establishment of control over the shares of subsidiaries. In most cases, the parent company is not the only manager of its subsidiary, 25% -45% of the shares are often in the hands of third-party shareholders, which can sometimes complicate the adoption of any decision by the parent company regarding the subsidiary. A friendly merger will increase the protection of a subsidiary company from a hostile takeover, and can also simplify the mechanism for making decisions about the company [2, p. 137].

2. Cost reduction. With an effective company merger with the help of a competent management system, it is possible to reduce the internal costs of companies, especially companies that have many subsidiaries.

3.Increasing investment attractiveness. With the concentration of assets of several enterprises and with the construction of a competent management system, the internal costs of companies are reduced, and protection against external threats is increased. These conditions lead to an increase in profits, which allows you to attract the attention of investors [1, p. 55].

4. Creation of the company’s image. The concentration of assets in one company is perceived by the public as a progressively developing movement of the company and often forms a positive image. Combining companies with similar labor products creates an image of improving quality by concentrating resources.

5. Entering new markets. A merger of international companies can help to enter a new consumer market, which is often the main goal of a merger. For example, the deal between Adidas and Reebok was signed back in 2006, the company immediately set a goal to quickly increase sales in Russia by 10 times. In 2006, there were 22 Reebok stores in Russia.Now there are 10 times more of them. As for the German company Adidas, it was difficult to enter the American market due to the main strong competitor Nike. The $ 3.8 billion purchase of Reebok shares significantly narrowed the gap between the ever-competing Adidas and Nike teams for the title of market leader in the sports industry. [4]

It is impossible not to draw attention to the fact that the main moment of the merger of companies is the payment for the shares. Speaking about the international practice of switching to a single share, this payment is made in the following ways: by securities and cash.In domestic practice, securities convertible into shares are often used [1, p.54].

Currently, there are three main ways to conclude an M&A transaction:

1. Reorganization.

This method is the least used in domestic practice due to the lengthy registration procedure. Reorganization is a very important step and it happens: voluntary and compulsory.Voluntary reorganization is usually carried out for the following reasons: the need to improve management effectiveness; gaining access to new assets;

consolidation of company assets for more efficient use; increased protection against hostile takeover; hanging investment attractiveness. 2. Purchase of assets.

Buying assets is the most common way to complete M&A transactions.In this situation, two variants of events usually occur:

1.) the company initiating the takeover acts as the buyer, a branch of the acquirer is created, which is endowed with this property;

2.) a legal entity is specially created, to which the property is transferred

3. Acquisition of shares.

Purchase of a block of shares is best suited to accelerate gaining control over a company.In this case, the buyer gets control over a ready-made existing business [3, p. 365].

Friendly mergers and acquisitions have become a trend in international practice. Their main difference from hostile ones is that they are carried out on a negotiated basis. This is a tender offer for the purchase of a controlling block of ordinary voting shares of the target corporation, which the management of the acquiring corporation makes to the management of the target corporation.For this reason, a friendly takeover is more commonly referred to as a merger. It should also be noted that there are practically no mergers and acquisitions that can be unambiguously attributed to one or another group. Most transactions are a combination of these types, with a predominance of certain motives.

Thus, friendly mergers and acquisitions can be considered as one of the priority forms of company reorganization, since they are primarily aimed at expanding the scope of the absorbing company, at increasing its income, material and production sphere, increasing protection against external threats, strengthening competitiveness.Such consequences of friendly mergers and acquisitions in the conditions of market relations always contribute to the identification of new opportunities for the development of the company, and therefore for the growth of the investment attractiveness of the country’s economy as a whole.

List of used literature:

1. Molotnikov, A.E. Mergers and acquisitions. Russian experience / A. Molotnikov. – M .: Vershina, 2006 .– 344 p.

2.Copeland T., Koller T., Murrin J. Company value: assessment and management. – 3rd ed., Rev. and add. / Per. from English – M .: CJSC “Olymp-Business”, 2005. – 576 p.

3. Reed Stanley Foster, Lajou Alexandra Reed. The art of mergers and acquisitions. Per. from English – M .: “Alpina Business Books”, 2004. – 958 p.

4. Rating agency “AK&M” [electronic resource] .- Access mode: http: //

© V.A. Markova, E.A. Shutaeva, 2016

UDC 338

Mikhailova Marina Andreevna

Orel, RF E-mail: [email protected]



Process approach, business process, integrated planning, modeling, reference model,


90,000 Buyers will be able to complete the bulk of real estate transactions remotely

INSITI Group of Companies takes all measures to make you feel safe when visiting our sales offices: we process all surfaces, offer visitors disinfectants for hands and masks, ventilate the premises every half hour, check the temperature of employees every morning.

Despite this, we have organized the process of selecting and buying real estate in such a way that per week from March 30 to April 5, , our clients will be able to solve most of the tasks remotely. Managers will be in touch by phone and chat. For you will be available:

Remote transactions

Consultations and presentations of objects

Mortgage approval

· Booking of apartments and commercial real estate

In this difficult period, we apply the most individual approach to each client.Call us – we will offer solutions to many issues without your personal visit to the object or to the sales office.

For regional clients, the INSITI Group of Companies operates the program of remote purchase of apartments , which will save time and money on travel and accommodation.

Buying an apartment remotely is easy:

1. With the help of a personal manager of the company, choose the best option for you.

2. Conclude an agreement on legal support of the transaction for the purchase of an apartment.

3. Provide documents for the preparation of the Contract of Equity Participation.

4. Having familiarized yourself with the prepared Equity Participation Agreement, sign it and send it to the INSITI Group of Companies together with the documents for state registration with Rosreestr.

5. If you have a mortgage, our mortgage specialists will select the optimal program for you, prepare all the necessary documents and send an application for a mortgage to the bank.For your convenience, we will ensure the signing of a loan agreement in the region of your presence.

6. After registering the Agreement, pay for the apartment by non-cash payment.

7. After the commissioning of the object, obtain the keys and ownership of the object of purchase.

In the week from March 30 to April 5, sales offices – main and additional – will be open from 10:00 to 17:00. All details: +7 (861) 204 19 72.

We have tried to simplify the buying process for you and make it as comfortable as possible, and most importantly, safe!

Be healthy!
90,000 Lawyers warned about the risks of donating real estate due to termination | News | Izvestia

Real estate donations can be used to cover up purchase and sale transactions.The likelihood of their termination is high, and this may already entail administrative or criminal liability. This opinion was shared by the specialists of RIA Nedvizhimost.

The main danger of an act of donation is that, if disagreements arise between the parties, the possibility of terminating the contract is extremely low.

“Very often such donors (grandmothers, grandfathers and other relatives. – Ed.) Subsequently find themselves without an apartment and on the street,” said Olga Vlasova, chair of the Vlasova & Partners Bar Association.

But there is one advantage to donating real estate: such housing will remain with the donee even in the event of a divorce, because it is not jointly acquired. Genesis lawyer Vladimir Kolganov told about this.

“Most often in practice, cases of donation between close relatives are widespread. However, if the donor decides to give a gift to an outsider, then close relatives may not accept this and go to challenge the donation in court, ”he added.

Genesis lawyer Alena Lezhneva also reminded that donations are often substituted for wills.

“The rest of the heirs cannot claim this property, therefore, the obligatory shares are also not allocated, but in this regard, there is a high probability that they will challenge the contract, especially if it was concluded shortly before the death of the testator,” she warned.

A gift is easily invalidated, and dishonest owners take advantage of it. They specifically conclude a contract on behalf of a person who does not give account of their actions. As a result, the contract is terminated, and the money cannot be returned, because the transaction is free of charge.The head of the practice of the law firm Intellect Alexander Latyev spoke about this.

Oleg Sklyadnev, senior partner of the Borodin & Partners law firm, also added that the donation has a risk of being challenged if the donor turns out to be a debtor and is declared bankrupt. This risk is also often overlooked.

“Donation is a free transaction. In the event that the donee is a close relative and the donation was made shortly before bankruptcy, the transaction may be invalidated as aimed at concealing property or as committed in order to harm creditors, since in the event of the sale of property, the proceeds could be used to pay off debts “, – he explained.

And if such a cover is revealed, tax and administrative liability becomes likely, explained Artem Komsyukov, head of the Yekaterinburg office of

Earlier, the lawyer Timur Hardy told what to do if the former spouse refuses to move out of the apartment after the divorce.

1.3. The procedure for certifying a transaction by a notary

Notarization of a transaction means verification of the legality of the transaction, including whether each party has the right to execute it, and is carried out by a notary or an official entitled to perform such a notarial act, in the manner prescribed by law Of the Russian Federation on notaries.

When notarizing a transaction, a notary is guided by the rules stipulated by the Fundamentals of the Legislation of the Russian Federation on Notaries (hereinafter referred to as the Fundamentals), in particular, finds out the legal capacity of the persons who applied to him for certification of the transaction, explains to the parties the meaning and significance of the draft transaction submitted by them , checks whether its content corresponds to the actual intentions of the parties and does not contradict the requirements of the law (Articles 43, 54-56 of the Fundamentals).Only if the transaction, as well as the documents submitted for its execution, meet the requirements of the law, the notary makes a decision on its certification. If the transaction does not meet the requirements established by law, the notary refuses to perform this notarial act (Article 48 of the Fundamentals).

Special rules of notarial certification are provided for contracts in relation to property, the rights to which are subject to state registration; wills and powers of attorney.

So, according to Art. 55 Fundamentals for certification of agreements on the alienation or pledge of property, the rights to which are subject to state registration , the notary checks the ownership of this property to the person who alienates or pledges it, as well as the absence of restrictions on rights, encumbrances of property or other circumstances that prevent the execution of these agreements … Certification of agreements on the alienation of immovable property is carried out by a notary at the location of the specified property.If the alienated real estate objects are located on the territory of different constituent entities of the Russian Federation, then the agreement is certified by a notary at the location of any of the objects. After certifying the agreement on the alienation or pledge of property, the rights to which are subject to state registration, the notary is obliged to immediately, but no later than the end of the working day or within the time limits established by the parties in the agreement, submit in electronic form an application for state registration of rights and the documents attached to it in body of registration of rights, if the parties to the transaction do not object to the filing of such an application by a notary.

testament of a legally capable citizen drawn up in accordance with the requirements of the legislation of the Russian Federation and personally presented to a notary is subject to notarial certification. Certification of wills through representatives is not allowed. At the same time, when certifying wills, the testator is not required to submit evidence confirming his rights to the bequest (Article 57 of the Fundamentals).

Power of attorney can be certified by a notary on behalf of one or more persons and in the name of one or more persons.In addition, the legislation provides for the possibility of issuing a power of attorney by way of transfer. In this case, it is necessary to submit to the notary the main power of attorney, which stipulates the right of substitution, or evidence that the representative under the main power of attorney is forced to delegate the performance of the established actions due to circumstances to protect the interests of the person who issued the power of attorney. At the same time, a power of attorney issued by way of transfer must not contain more rights than those provided by the main power of attorney, and the validity period of a power of attorney issued by way of transfer cannot exceed the period of validity of the power of attorney on the basis of which it was issued (Art.59 Fundamentals).

actions of citizens and legal entities aimed at establishing, changing or terminating civil rights and obligations or who have entered into an agreement with each other. The state (the Russian Federation, its subjects), which act on an equal footing with other participants in civil law relations, can be a party to the agreement.written authorization given by one person to another to conclude a transaction with a third party 90,000 The main intrigue is the issue of the United States joining the new OPEC + deal – Sergey Drozdov

American stock exchanges closed in negative territory on Friday. The S&P 500 broad market index fell 1.51% to close at 2,488.65; the Dow Jones Industrial Average shed 1.69%; the hi-tech NASDAQ sank 1.53%. The yield on 10-year US Treasuries rose one basis point to 0.61%.The yield on Germany’s 10-year bonds also added one basis point to -0.44%.

Negative sentiment on Wall Street was driven by dismal numbers from the US labor market. According to the US Department of Labor, unemployment rose to 4.4% in March from 3.5% in February, posting a record rise in 45 years. The number of jobs in the non-agricultural sector fell by 701 thousand, declining for the first time in the last 9.5 years. However, the devastating statistics did not come as a surprise to the market.Now investors are trying to assess the scale of the losses to the economy, which will be understood only after passing the peak of the incidence of COVID-19. Until the peak is passed, increased volatility will remain in the market.

Quotes Brent at the end of the last trades increased by 15.73% and closed at $ 34.65. This week, players’ attention will be focused on the OPEC + meeting, which is scheduled for April 9th. The market expects global oil producers to reduce oil production by 10 million barrels per day.According to preliminary data, Saudi Arabia, Russia and the countries of the cartel do not mind taking such a step. However, the main intrigue, which will temporarily cool the ardor of players for an increase, is the question of the US joining a new deal.

On Friday, the Moscow Exchange Index rose 1.03% to close at 2572.23 points. Local support in the ruble indicator is located at 2550 and 2490 points, resistance – 2610 points. Local support in the RTS index futures are located at 103,000 and 100,000 points.The main resistance is at 106,400 points.

The Russian currency ended trading at 76.49, gaining 0.98% against the US dollar. Support levels in the dollar / ruble pair are at 76 and 75.45. Resistance levels are 77 and 77.55.

How are trading on the Moscow Stock Exchange – how the stock market works

Minute materiel.

Roman Koblenz

private investor

Author’s profile

Frankly speaking, you can safely trade on the stock exchange without understanding how these trades are going.The Moscow Exchange does a lot of work so that you do not worry about all these details.

But if you know how everything works inside, you will have an advantage.

What kind of exchange

The Moscow Exchange is the organizer of trading in securities of Russian companies. The exchange brings buyers and sellers together, ensures the safety of transactions, and takes a commission for this.

By analogy, the Moscow Exchange can be compared to a grocery store. If you want to buy vegetables, you do not look for farmers, do not go to their fields and do not check the quality of fertilizers.You just go to the store and buy what you like. In the same store you can buy vegetables, meat, milk and whatever else you want.

Suppliers, in turn, do not need to worry about finding customers, they do not need to open a store on the farm, they do not need to worry about opening hours. You just need to grow vegetables and negotiate supplies with the store.

The supplier and the buyer only communicate with the store, not with each other. And they also close all their questions only with the store.

How the stock market works

On the Moscow Exchange, trading is carried out in different sections, as in the departments of a store. The main sections are the stock, derivatives, foreign exchange and commodity markets. Each section has its own trading rules.

Stocks and bonds are traded on the stock market. We have already written many articles on this topic. Now the time has come to better understand what trades on the stock market are and what their rules are. We will only talk about stock trading, because this tool is used most often by private investors.

There are several rules in the stock market:

  1. Order-driven market.
  2. Central counterparty.
  3. Partial collateral.
  4. Deferred execution.

Now I’ll tell you what it means.

Order-driven market

The stock market is a market for competing applications. Anonymous buyers and sellers offer to buy and sell securities at certain prices – this is called an order. You can see which orders are hanging, but you cannot see who placed them.If two opposite orders intersect according to the conditions, they are automatically executed – that is, a deal is concluded.

The transaction takes place at the market price – the one that is currently satisfied by both the seller and the buyer. It is like trading in a regular market: when you walk up to a vegetable counter and see the price tag for tomatoes, it is not the market price yet. This is the seller’s price, nothing more. The market price will be the price at which you actually buy these tomatoes.

You can take tomatoes at the proposed price, you can bargain, or you can not agree at all.In the first two cases, when you agree, your buy and sell bids will intersect and the market price will be set. In the third case, the price on the counter will remain the seller’s price, and the market price will remain undefined.

Market price on the Moscow Exchange

It is important to clarify that the concept of a market price on the Moscow Exchange has several definitions. In our example, we are talking about the market price of a share and we mean “the value of a security, established by the quotation on the stock exchange, which is determined by the ratio of supply and demand.”This is the price in the moment.

But there is another market price that the Moscow Exchange determines at the end of the trading day for each security. This calculation of the market price is based not only on a specific transaction, but on a number of factors, for example, the following:

  1. Number of transactions per day.
  2. Volume of transactions (for what amount of transactions).
  3. Average transaction price, etc.

There is also an important difference: in the market, each next buyer does not know at what price the tomatoes were sold before him.Therefore, in each transaction, the market price can be very sausage: the seller will give a discount to one buyer, but not to another. And the stock exchange constantly looks at what price the trade is actually at, and informs all participants: “Here are Zuckerberg’s zucchini today, three hundred are leaving.”

The market price is formed by supply and demand, which are displayed in the form of orders. The place where the orders hang is traditionally called the “glass”.

This is a “glass”. What they want to buy is highlighted in green, and what they want to sell in red.The exchange is trying to dock them

Central counterparty (CC)

It is an intermediary between the buyer and the seller. He not only organizes the deal, but also ensures its safety for each of the participants.

The main function of the central counterparty is to take risks on transactions. For each buyer, he acts as a seller, for each seller – a buyer. Instead of directly entering into an agreement with farmer Zuckerberg to buy his zucchini, you make a deal through the Central Committee:

  1. Farmer Zuckerberg sells zucchini to the Central Committee.
  2. You are buying zucchini from the Central Committee.

Let’s take another example. You are selling a car yourself, you have already found a buyer and are making a deal. This will require some effort and time from you: draw up a contract, issue papers to the traffic police. You and the customer also bear risks: for example, you bear the risk that the money is counterfeit, and the customer that the car is stolen. If something happens, you will deal with the buyer directly.

But there are millions of transactions on the stock exchange every day.And let it look like a click on a button to us, behind this click is its big process. Money must flow from buyer to seller, and stock must flow from seller to buyer. And here, too, there may be risks that there will be no money or shares.

The central counterparty acts as insurance against these risks. Formally, you conclude an agreement with him and then you do not have to worry about the risks. If any problems arise, the central counterparty will deal with them. You won’t even know about it, and your deal will remain unchanged.

On the Moscow Exchange, the role of the central counterparty is played by the National Clearing Center, which is 100% owned by PJSC Moscow Exchange.

Partial collateral

In the stock market, you have access to partial collateral – it is also leverage. What it is and why it is needed, we wrote in a separate article.

Briefly: the exchange can give you a little money on credit so that you buy the required number of shares. In return, the exchange takes its interest and has the right to take back the shares you bought if they begin to pose a threat to the credit money.As a general rule, the higher the leverage, the faster you can earn and the faster you can lose money.

Delayed execution

On the stock market, shares are traded at T + 2. This means that settlements and delivery are carried out on the second day from the date of the transaction.

In the T + 2 mode (where T is the moment of the transaction), if you buy shares today, in fact, they will come to you in 2 days – then your money will actually be transferred to the buyer. At the time of purchase (T0), you may not have this money, it is enough to have the necessary collateral (part of the money or shares that the broker can also use as collateral).

In general, deferred execution opens up room for maneuver: you can buy securities without having the entire amount on your account.

How are trading on the Moscow Exchange going

We have dealt with the basic rules of trading in the stock market. Now directly about how the bidding itself is going.

Trading session. A trading session is a period when trades are open and all participants can make transactions. On the Moscow Exchange, the stock market trading session lasts from 10:00:00 to 18:39:59 Moscow time.At this time, all transactions in the stock market take place.

Opening auction. The so-called opening auction is held before the start of the auction. It lasts 10 minutes before the start of the main trading. It determines the starting price of the shares based on the balance of supply and demand. The opening auction is needed to prevent price manipulation at the very beginning of trading.

If the Moscow Exchange simply took and launched the main trading at 10 am, the first participants with the first orders could receive some advantages, because it was their orders that would immediately determine supply and demand.Instead, the opening auction calculates the total demand and the total supply based on the incoming bids – then the starting market price is calculated based on certain algorithms.

Closing auction. Similarly with the opening auction, the task of the closing auction is to determine the fair closing price. The funds are then guided by this price, calculating the value of their assets on it. Also, this price will be recognized as the official closing price.

The closing auction also protects investors from possible manipulation when the most recent bid could suddenly change the price sharply.

Presentation on the closing auction

You can create your bids both during the opening auction and during the closing auction. If your order crosses the market price, which is determined by the exchange algorithm, it will be executed.

Trading orders

Another important point is a trade order, that is, your instruction to a broker to buy or sell certain shares. This application can be submitted in different ways. The main ones are market and limit orders.

Market order. The essence of a market order is that you do not indicate the price at which you want to buy or sell. You agree to buy and sell at the market price – that is, the price that is currently available.

Market order: buy a lot of Magnit shares at market price

Limit order. In a limit order, you yourself set the price for which you want to buy or sell. If your price becomes the market price (that is, the intersection of supply and demand passes along it), your order will be executed.If not, it will remain hanging until the end of the trading day, unless you remove it yourself earlier.

Limit order: we buy a lot of Magnit shares at our own price. If it turns out to be out of the market, that is, no one wants to sell us at this price, the order will not be executed

No orders are carried over to the next day. All are canceled at the end of the trading day. In this case, the market order always takes precedence over the limit order. This is useful for those who want to trade quickly.

If sharp jumps began in the market, and you want to quickly buy or sell securities, the limit order can play a cruel joke: the market price will go the other way, the order will not be executed, and you will miss the profit.

Discrete auction and stop trading

Another interesting point. The days on the Moscow Exchange are different: it happens that the price is marking time, and it happens that the market is in a panic. For the second cases, there is a special mechanism for cooling the heat in the stock market.

If within 10 minutes the price of an asset changes by 20%, the exchange turns on the discrete auction mode and suspends trading for half an hour. During a discrete auction, buy and sell orders are collected – these can only be limited orders.As a result, demand, supply and market price are re-formed.

A discrete auction can be held only twice a day for one share. At the same time, a discrete auction is held only for shares included in the Moscow Stock Exchange Index. In the case of other stocks, trading is simply suspended.

If within 10 minutes the index of the Moscow Exchange rises or falls by 15%, all trading in shares is suspended for half an hour. There can be only two such suspensions during the day.If the sharp change in price occurs for the third time, trading on the Moscow Exchange will stop until the end of the day.

Dictionary of Investor

Learn these smart phrases to win friends and influence people.

Order-driven market – a market in which transactions between a seller and a buyer are made automatically when their prices intersect, provided that they are the best: the lowest selling price and the highest buying price among available. Let’s say I’m ready to buy a share for 150.On the exchange, someone sells it for 150, and someone for 100. My order will cross with the lowest selling price, and I will buy a share for 100.

Central counterparty is an intermediary company on the exchange. She buys shares from a seller, sells to a buyer, and takes risks.

Partial collateral – the exchange can give you a loan or allow you to make a transaction, even if your account does not have the entire amount.

Deferred execution – order shares today, pay for them two days later, and get it then.

Trading session – the time when the exchange is open and you can trade on it.

Opening and Closing Auctions – Events at the beginning and end of each trading session. At an auction, the exchange collects all buy and sell orders and determines what price to set at the beginning and end of trading.

The order book is a conditional place where the best orders for buying shares (the highest prices) and selling (the lowest prices) are placed. When orders intersect, the exchange executes them and fixes the price as the market price.

Market price of the share (at the moment) – the price at which the last deal was made. Not to be confused with the “official” market price, which is determined by the Moscow Exchange at the end of the trading day.

Market Bid – when you agree to buy or sell a number of shares at the current market price.

Limit order – when you yourself say at what price to buy or sell shares and wait for the market price to cross yours.

Discrete auction – when everyone freaks out, the exchange slows down trading and re-determines the market price of shares. If everyone is freaking out anyway, the exchange closes trading on this stock. If everyone is freaking out all around and without stopping, then the exchange turns off trading until the next morning.


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