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 ?
The IRS has exempted most advertising expenditures but remain silent on many other common The application of INDOPCO to all takeovers by the IRS is clear; however, judicial opinion on the applicability of INDOPCO to unfriendly takeovers remains to be determined.
For example, in some western European countries employees are granted an unofficial but de facto power which effectively controls unfriendly takeovers.
Three companies that do not have two classes of stocks are Gannett, Knight Ridder and Tribune, and it is no accident that these companies are closely attuned to the demands of Wall Street, If these companies fail to perform up to Wall Street's expectations, it is conceivable they could become targets of unfriendly takeovers.
The unfortunate result is that this ruling could leave Fleming shareholders without the protection from hostile or unfriendly takeovers that a share rights plan provides," he said.