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hostile takeover
(redirected from Hostile takeovers)

   Also found in: Wikipedia, Hutchinson 0.06 sec.
Hostile Takeover
A takeover attempt that is strongly resisted by the target firm.

Notes:
Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm.

See also: Takeover

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

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This prohibition leaves the corporation at a distinct disadvantage during hostile takeovers because a corporate raider may raise funds and deduct loan fees to purchase a target's stock, while the target may not.
The author exploits the interesting contrast between earlier years when banking, conducted under the "Gentleman Banker's Code," was governed by propriety and today's environment of hostile takeovers where the bank's loyalties are more transient and scandals are a common occurrence.
There are a number of reasons why planning for hostile takeovers is especially important.
 
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