unfriendly takeover


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Related to unfriendly takeover: hostile takeover, hostile tender offer, Hostile Acquisition, Hostile bid, Take Over Bid

Hostile Takeover

The acquisition of one company by another without the consent of the target company's board of directors. Generally speaking, a hostile takeover involves the acquiring company buying stock directly from shareholders, sometimes by offering a particularly high price. The acquiring company may buy up to 5% of the target company without registering the move with the SEC. See also: Friendly takeover, Corporate raider.

unfriendly takeover

The acquisition of a firm despite resistance by the target firm's management and board of directors. Also called hostile takeover. Compare friendly takeover. See also killer bee, raider.
References in periodicals archive ?
However, the Service has announced that it will apply the INDOPCO decision to both friendly and unfriendly takeovers.
Technology companies are no longer immune to unfriendly takeover attempts during downturns in their stock price.
President Kerry Sully stated, "We consider Crestar's offer to be an unfriendly takeover bid an we will take all steps necessary to protect our shareholders.
Zucaro, the chairman of the board and chief executive officer of Old Republic, said, "The amended rights plan, like the original plan, is designed to enhance the company's bargaining position on behalf of its shareholders in the event that an unfriendly takeover were to emerge in the future.
00 per share at the time of an unfriendly takeover, each Right would then be exercisable at $15.
This rights agreement is intended to protect our shareholders should AVECOR become the target of hostile or unfriendly takeover tactics," said Anthony Badolato, chief executive officer.
This rights agreement is intended to protect our shareholders should Bio-Vascular become the target of hostile or unfriendly takeover tactics," said John T.
This Rights Plan is intended to protect our shareholders should Angeion become the target of hostile or unfriendly takeover tactics," said Whitney A.
Boone Pickens from an unfriendly takeover of Boeing.
The Company is unaware of any action suggesting an unfriendly takeover.
Stressing the need for strength in unity, Kourpias warned them that, "In this turbulent industry, employees must arm themselves to prepare for an unfriendly takeover, or the need to initiate an employee buyout.