Takeover Attempt


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Related to Takeover Attempt: takeover bid

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 ?
Stable shareholders have a long-term stake in corporations and they generally support targeted corporations in cases of hostile takeover attempts.
The close relationship in terms of interlocking shareholdings between Japanese financial institutions and their industry clients, as well as the close relationship with government regulatory agencies, has worked to protect entrenched Japanese management against takeover attempts.
CPB's style in this takeover attempt has been described to me by different local folks on several occasions in the following manner: Picture Alex the Collie and the teal bench, respective advertising symbols for CPB and City Bank.
In TAM 9043003, the IRS stated that expenses incurred by a corporation to resist an unfriendly takeover attempt are deductible as ordinary and necessary business expenses under section 162.
Thus, a takeover attempt apparently is not hostile unless the suitor proceeds with a tender offer.
Letter Ruling 9144042 allows taxpayers to demonstrate that the services received for professional fees incurred in a takeover attempt do not provide a long-term benefit, and taxpayers that can make such a showing still have the opportunity to currently deduct such fees.
Second, the corporate law of Delaware and other states clearly favors defensive strategies that are implemented well in advance of a hostile takeover attempt.
Investors have seen the stock dive in value in recent days after the failed takeover attempt.
Kengo Nishiyama, strategist at Nomura's Financial & Economic Research Center, said the steel industry is experiencing global realignment, while there had been a takeover attempt by the Murakami Fund for Hanshin Electric Railway Co.
Shares in the owner of pub chains All Bar One and Harvester fell back today following the failure of a takeover attempt by tycoon Robert Tchenguiz.
said Korenstein, who has been vocal in her opposition to the mayor's takeover attempt.
By then, supporters could know whether Glazer is to push through his takeover attempt but even if the American's intentions remain undecided, they believe it is a major opportunity to put their point across.