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    #1

    pass on

    Please make the following in bold clear for me.

    1. They were very close to a merger... But the new management team... practiced a highly autocratic and close-lipped style of leadership. Spinnaker executives passed on the deal.

    Does this mean "they cancelled the merger deal"?

    2. Spinnaker executives practice transparency with their investors as well. Although their firm has experienced spectacular growth, they refuse to hire an investor relations firm.

    Is this the firm that specializes in public relations activity for investors?

    Thank you.

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    #2

    Re: pass on

    1. Yes. They did not go forward and make the deal to merge.

    2. A firm to handle public relations with the investors in the company. In other words, this company deals directly and honestly with the people who are its shareholders. They don't hire a firm to "sell" themselves to their investors.

  1. Raymott's Avatar
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    #3

    Re: pass on

    Quote Originally Posted by unpakwon View Post
    Please make the following in bold clear for me.

    1. They were very close to a merger... But the new management team... practiced a highly autocratic and close-lipped style of leadership. Spinnaker executives passed on the deal.

    Does this mean "they cancelled the merger deal"?
    Be careful with this. There are two possible meanings.
    In this context, it means, "They passed [on the deal]."
    'Passed' is the verb. "on the deal" is a prepositional phrase.

    However. "They [passed on] [the deal] to their subordinates."
    This time, "passed on" is a phrasal verb, and "the deal" is a direct object. It means they gave the deal to their subordinates to handle.

    • Member Info
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    #4

    Re: pass on

    I see.

    Thank you all for the kind explanation.

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