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Hostile Tender Offer
(redirected from Hostile Tender Offers)

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Hostile Tender Offer
In a hostile takeover, an offer to buy the target company's stock from shareholders. A hostile tender offer occurs when the target company's board of directors has recommended that shareholders not sell, and it will usually try to make a better offer than the hostile tender offer to buy out shareholders and avoid being taken over. The success of a hostile tender offer depends on how high it is compared to what the board of directors is willing to offer. See also: Antitakeover measure.
hostile tender offer
An offer to purchase shares from a firm's stockholders when directors of the target firm have recommended that stockholders not sell their stock. Hostile tender offers sometimes cause the directors of the target company to seek a better offer from another party. Compare tender offer. See also unfriendly takeover.
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In a statement issued after the Board's February meeting, company management said that the rights plan was extended "to protect shareholders against attempts to acquire control of the Company by means of 'creeping' acquisitions in the open market, hostile tender offers made at less than a full and fair price and other takeover tactics that can be used to deprive shareholders of the ability to get a full and fair price for all of their shares in the context of a change in control.
MALLINCKRODT GROUP EXTENDS SHAREHOLDER RIGHTS PLAN by PR Newswire
As a consequence, the legal and economic conditions in the early 1990s may appear to favor proxy contests over hostile tender offers as a means to ensure that managers maximize firm value.
Determinants of the choice of the hostile takeover mechanism: an ... by Sridharan, Uma V.; Reinganum, Marc R. / Financial Management
Regulating Tender Offer Tactics The advent of large hostile tender offers in the 1980s has precipitated a variety of corporate restructurings, including many going-private transactions, leveraged recapitalizations, and dual class recapitalizations.
Public policy towards corporate restructuring by Lehn, Kenneth / Business Economics
 
 
 
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