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friendly takeover

   Also found in: Dictionary/thesaurus 0.04 sec.
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 a firm with approval of the acquired firm's board of directors. Compare unfriendly takeover.
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It appears Inco's loss of independence correlates back to the failed attempt to acquire Falconbridge by way of friendly takeover.
1 Inco under foreign ownership by Louiseize, Kelly / Northern Ontario Business
503 US 79 (1992)--denying deductions for banking and legal fees incurred to Facilitate a friendly takeover offer--gave rise to concerns that the IRS would seek to curtail current deductibility of other types of business expenses that could be viewed as creating more than an incidental future benefit.
Retention of the "separate and distinct asset" test in the final ... by Gordon, Frederick / The Tax Adviser
It's an altogether underleveraged franchise - although Matthew Cullerne Bown's massive Socialist Realist Painting makes a strong bid for a friendly takeover.
Socialist Realist Painting by Hoberman, J. / Artforum International
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