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