takeover target

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Takeover target

A company that is the object of a takeover attempt, friendly or hostile.

Takeover Target

A publicly-traded company that is the object of a takeover, especially, but not necessarily, a hostile takeover. That is, another company is interested in buying the takeover target, often by buying its shares with the intent of obtaining a majority stake without the authorization of its board of directors. An acquiring company identifies takeover targets based on a variety of factors, including share price and growth potential; it may buy up to 5% of the takeover target without publicly disclosing its intentions. A takeover target is also called a target company.

takeover target

References in classic literature ?
He was speaking almost at the instant that the shaft left the bowstring, yet it alighted in the target two inches nearer to the white spot which marked the centre than that of Hubert.
Thus exhorted, Hubert resumed his place, and not neglecting the caution which he had received from his adversary, he made the necessary allowance for a very light air of wind, which had just arisen, and shot so successfully that his arrow alighted in the very centre of the target.
He began to peel this with great composure, observing at the same time, that to ask a good woodsman to shoot at a target so broad as had hitherto been used, was to put shame upon his skill.
They missed one after another and dropped moodily back, while the trumpet sounded for the third round, and the target was set up fifty ells distant.
The target seemed hardly larger than the inner ring had looked, at the first trial.
He drew his bow firmly and, taking advantage of a momentary lull in the breeze, launched the arrow straight and true-singing across the range to the center of the target.
Forward it leaped toward the target, and all eyes followed its flight.
And he stooped again over the target, putting something with his finger over each of the shot-holes, so far as March could see merely a dull-gray smear.
The last light seemed to fade from the lawn, and the poplars against the sunset were like great plumes upon a purple hearse, when the futile procession finally curved round,and came out in front of the target.
The target stood up in the dim grass like a dark goblin grinning at them, and it was literally grinning.
And when he saw the face he'd shot at shining on the target he practiced on, all lit up with an infernal light, he did jump.
Six arrows were within the clout, four within the black, and only two smote the outer ring; so that when the last arrow sped and struck the target, all the people shouted aloud, for it was noble shooting.