friendly takeover

(redirected from Friendly Acquisitions)
Also found in: Dictionary, Thesaurus.
Related to Friendly Acquisitions: Hostile Acquisitions

Friendly takeover

Merger when the target firm's management and board of directors is in favor of the takeover. Antithesis of hostile takeover.

Friendly Takeover

The acquisition of one company by another with the full knowledge and consent of the target company's board of directors. Generally speaking, a friendly takeover requires the approval of shareholders in addition to the board of directors, but, in this case, shareholders tend to follow the board's lead. This is because, in a friendly takeover, the acquiring company offers a premium to the current stock price for each share. See also: Hostile takeover.

friendly takeover

The acquisition of a firm with approval of the acquired firm's board of directors. Compare unfriendly takeover.
References in periodicals archive ?
Haas Wheat & Partners is a private equity firm that invests in operating companies through friendly acquisitions in concert with company management.
He also commented that the bulk of the growth in Trade Exchange revenue is a result of friendly acquisitions of competitive barter exchanges and by current ITEX brokers improving performance with the help of extensive training programs.
Since 1935, Georgeson has specialized in complex solicitations such as hostile and friendly acquisitions, proxy contests and takeover defenses.
Georgeson specializes in complex solicitations such as hostile and friendly acquisitions, proxy fights and takeover defenses.