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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. 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. It's an altogether underleveraged franchise - although Matthew Cullerne Bown's massive Socialist Realist Painting makes a strong bid for a friendly takeover. |
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