hostile takeover

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Related to Hostile Acquisition: friendly takeover

Hostile takeover

A takeover of a company (usually made by an open tender offer to shareholders) against the wishes of the current management and the Board of Directors by an acquiring company or raider.

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.

hostile takeover

References in periodicals archive ?
It examines two latent hostile acquisition defenses inherent in the structuring of Indian corporations--one based on Press Note 2 (2009) and the other on the size of the investment that the hostile acquirer proposes to make.
But that doesn't mean hostile acquisitions will work.
Surprisingly, despite their important implications for the interplay between negotiated and hostile acquisitions, standstill agreements have not received attention from modern academic commentators.
The Clinton Administration's original proposal had stated that "a hostile acquisition of the distributing or controlled corporation commencing after the distribution will be disregarded.
15bn/EUR863m) hostile acquisition of Polish coal miner Bogdanka (WAR:LWB).
The independent energy firm said Exelon was seeking to influence the Board to favor its hostile acquisition offer.
But the reports underscore a change in the view of Vodafone as a predator, immortalised by its historic pounds 123 billion hostile acquisition of Mannesmann in 2000.
5 million dollar cap wire basket manufacturer, and we took over companies by hostile acquisition.
Often in a friendly or hostile acquisition, the change in ownership of the target company will trigger severance payments to key employees.
Based in the Netherlands and run from offices in Cecil, Mylan, failed last year in a hostile acquisition of Ireland-based Perrigo Co.
The academics - Martin Conyon, of Warwick Business School, Sourafel Gimma, Steve Thompson and Peter Wright of Nottingham University - said: "Following a hostile acquisition, it seems reasonable to expect that rising productivity and the search for economies would be accompanied by job losses.