Takeover Attempt


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Takeover Attempt

An effort by a corporation or, less commonly, an individual, to purchase a majority of the stock in a publicly-traded company. A takeover attempt may be friendly or hostile but, in order to be successful, must be approved by a majority of shareholders (or, more specifically, the holders of a majority of shares).
References in periodicals archive ?
Even customers who do not hold corporate shares strongly support targeted corporations in some cases of hostile takeover attempts. In the cases of the attempts targeting Seibu Holdings and Hanshin Electric Railway Co.
Now Michael Byng, who led a takeover attempt of CCFC last summer which he claims had backing from Chinese investors, has announced his interest in securing the option to buy 50 per cent of ACL from CCFC Ltd.
There have been some major mergers and takeover attempts recently that made big news, most notably the failed AT&T/T-Mobile deal.
Kroenke's imminent takeover attempt is the worst kept secret in town but the American has remained tight-lipped about his plans.
Delta Two's pounds 10.6 billion takeover proposal in July 2007 foundered, as did a previous takeover attempt by private equity firm CVCs.
Meantime, however, the company was the target of a takeover attempt by a group of investors which had amassed a 7.1% stake.
However both strongly opposed Ryanair's first takeover attempt in 2006.
SAN FRANCISCO: Microsoft Corporation's directors met to consider raising the software maker's $41.9 billion bid for Yahoo instead of pursuing a hostile takeover attempt, reports said.
The software maker is also in the midst of a $41 billion unsolicited takeover attempt of Yahoo.
CNET Networks' (San Francisco, CA) board of directors has adopted a stockholders rights plan, or "poison pill," in response to a takeover attempt led by investment firm JANA Partners (New York).
It also follows a momentous year for the exchange, in which it fought off a hostile takeover attempt from US rival Nasdaq and bought Milan-based Borsa Italiana to become Europe's biggest exchange business.
This was the second takeover attempt for Sainsbury's this year.