However, the Service has announced that it will apply the INDOPCO decision to both friendly and unfriendly takeovers
The buyout, if successful, will turn World into a privately owned company as a step to discourage an unfriendly takeover
11, 1998--Raychem Corporation's (NYSE:RYC) board of directors today adopted a new stockholder rights plan designed to protect stockholders in the event of an unfriendly takeover
by encouraging potential acquirers to negotiate with the board.
With the management buyout scheme aimed at discouraging an unfriendly takeover
, World plans to delist its stock possibly in November.
Technology companies are no longer immune to unfriendly takeover
attempts during downturns in their stock price.
Among the accomplishments that Turley remembers most vividly is his battle, in 1985, to save Eckerd from an unfriendly takeover
, a battle that ended with the 1986 leveraged buyout that took the public company private.
President Kerry Sully stated, "We consider Crestar's offer to be an unfriendly takeover
bid an we will take all steps necessary to protect our shareholders.
In the process, he saved Peoples from an unfriendly takeover
by another chain drug executive.
In stark contrast to the mid-1980s, when its earnings fell and it had to fight off an unfriendly takeover
, Eckerd used its financial resources during 1989 to acquire three chains: the 16-store Dunaway Drug Stores chain, based in Marietta, Ga.
Unlike Tribune, Gannett and, lamentably, the late Knight Ridder, these companies are protected from unfriendly takeovers
because family and management maintain control through non-trading voting stock.
In the 1980s the show followed the news, such as insider-trading scandals, and also trends, like unfriendly takeovers
Family-run businesses also fear unfriendly takeovers
once the company is public, he says.