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 classic literature ?
The fourth day and the one following this friendly bout, Little John was missing.
They affected a frank and friendly demeanor; but their appearance and movements awakened the suspicions of some of the veteran trappers, well versed in Indian wiles.
At the present moment (August, 1853) there is a suit before the court which was commenced nearly twenty years ago, in which from thirty to forty counsel have been known to appear at one time, in which costs have been incurred to the amount of seventy thousand pounds, which is A FRIENDLY SUIT, and which is
Even in the best, most friendly and simplest relations of life, praise and commendation are essential, just as grease is necessary to wheels that they may run smoothly.
It was the nearest approach to a friendly advance that Tarzan could make in the language of Sheeta.
Gilbert was friendly -- very friendly -- far too friendly.
Now I propose to you therefore a friendly settlement.
Many of the men, who knew that they were in danger of his big bear-paw when it reached out for the honey vats, even made efforts to placate him, to get on the friendly side of him.
The creatures did not look pleasant or friendly, to be sure, and the shaggy man's donkey face became solemn, indeed.
But as soon as he came near to Androcles he recognised his friend, and fawned upon him, and licked his hands like a friendly dog.
The three men in the wagon kept a short distance in the rear, giving him occasional friendly "chaff" or encouragement, as the spirit moved them.
Each had something to give the other--each felt life the richer for friendly exchange of thought and friendly silence; each looked across the white fields between their homes with a pleasant consciousness of a friend beyond.