friendly takeover

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Friendly takeover

Merger when the target firm's management and board of directors is in favor of the takeover. Antithesis of hostile takeover.

Friendly Takeover

The acquisition of one company by another with the full knowledge and consent of the target company's board of directors. Generally speaking, a friendly takeover requires the approval of shareholders in addition to the board of directors, but, in this case, shareholders tend to follow the board's lead. This is because, in a friendly takeover, the acquiring company offers a premium to the current stock price for each share. See also: Hostile takeover.

friendly takeover

The acquisition of a firm with approval of the acquired firm's board of directors. Compare unfriendly takeover.
References in periodicals archive ?
On the other hand, study participants were significantly more likely to choose the communicator styles of attentive, dramatic, friendly, open, and relaxed to persuade a superior who is perceived to communicate in an attractive than in an unattractive style.
A ranking of the means reveals that attentive, friendly, and relaxed were the top three communicator style variables for both types of targets of influence and that the communicator style of contentious was the least popular.
The friendly societies did not include paupers and day-laborers, nor did they count people from the middle classes and the bourgeoisie among its members.
However, even though Riley's book is limited only to the experiences of workingmen in the friendly societies, it is still a very important contribution to our limited knowledge of sickness and health in the past.
TAM 9043003 allows deductibility to the extent expenses can be shown to relate to resisting a hostile takeover as opposed to facilitating a friendly one.
tHIS ruling says deductibility of takeover-related professional fees does not turn on whether the takeover attempt is friendly or hostile.