hostile takeover

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Hostile takeover

A takeover of a company (usually made by an open tender offer to shareholders) against the wishes of the current management and the Board of Directors by an acquiring company or raider.

Hostile Takeover

The acquisition of one company by another without the consent of the target company's board of directors. Generally speaking, a hostile takeover involves the acquiring company buying stock directly from shareholders, sometimes by offering a particularly high price. The acquiring company may buy up to 5% of the target company without registering the move with the SEC. See also: Friendly takeover, Corporate raider.

hostile takeover

References in periodicals archive ?
It examines two latent hostile acquisition defenses inherent in the structuring of Indian corporations--one based on Press Note 2 (2009) and the other on the size of the investment that the hostile acquirer proposes to make.
But that doesn't mean hostile acquisitions will work.
Surprisingly, despite their important implications for the interplay between negotiated and hostile acquisitions, standstill agreements have not received attention from modern academic commentators.
The Clinton Administration's original proposal had stated that "a hostile acquisition of the distributing or controlled corporation commencing after the distribution will be disregarded.
But the reports underscore a change in the view of Vodafone as a predator, immortalised by its historic pounds 123 billion hostile acquisition of Mannesmann in 2000.
5 million dollar cap wire basket manufacturer, and we took over companies by hostile acquisition.
Often in a friendly or hostile acquisition, the change in ownership of the target company will trigger severance payments to key employees.
The academics - Martin Conyon, of Warwick Business School, Sourafel Gimma, Steve Thompson and Peter Wright of Nottingham University - said: "Following a hostile acquisition, it seems reasonable to expect that rising productivity and the search for economies would be accompanied by job losses.
NYSE: POT), the world's largest fertilizer company by capacity, rebuffed mining giant BHP Billiton Ltd's (NYSE: BHP) hostile acquisition proposal of $38.
It does, however, establish certain mechanisms and rights that will help ensure that CVG will be in a better position to maximize value and obtain terms that are equitable to all CVG stockholders in the event of an unsolicited or hostile acquisition offer.
The ratings change came in just after the fertilizer company rebuffed a hostile acquisition offer from Australian mining giant BHP Billiton Limited (NYSE: BHP).
This attempted hostile acquisition would significantly reduce competition in large enterprise applications, inflict severe financial damage on PeopleSoft customers who have heavily invested in the company's software applications, and inappropriately pressure the 40 percent of PeopleSoft customers who use database products from IBM and Microsoft to switch to Oracle," Boehm wrote.