Relier Pairs Restructuring TerminologyVersion en ligne Combine the terms and its definition. par Ritva Ala-Louko 1 Streamlining 2 Takeover 3 Acquisition 4 Strategic alliance 5 Spin-off 6 Joint venture 7 Merger 8 Downsize Making a company’s operations simpler but more effective. Cooperation between two or more companies aiming at better results in their operations. A combination of two companies into one larger company. The buying of a target company by another company. A new organization or entity formed by a split from a larger company. An entity formed between two or more parties to undertake economic activity together. A hostile way of gaining control over another company. Reducing the number of employees on the operating payroll.