Even customers who do not hold corporate shares strongly support targeted corporations in some cases of hostile takeover attempts
tHIS ruling says deductibility of takeover-related professional fees does not turn on whether the takeover attempt
is friendly or hostile.
Despite the obvious importance of the issue, the deductibility of costs incurred by a target in response to a takeover attempt
was only recently addressed by a court.
Whether a hostile takeover attempt
will be successful is greatly dependent on the defensive measures that have been implemented long before the tender offer is launched.
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.
Analysts said Friday the company was smart to have a protection plan in place, but that a takeover attempt
is not likely in the near future.
Having lived through hostile takeover attempts
before -- and having paid nearly all the Company's expenses since 1984 despite never having taken a salary throughout the entire 20 years -- Furlong is not willing to put current and future shareholders at risk.
Pickens says he won't be looking back - there'll be no regrets when he leaves the nation's largest independent natural gas producer, which he founded with a $2,500 stake and used for the hostile takeover attempts
that made him famous and sometimes hated.
The Board believes that time-phased voting has served our company well in helping to place the focus on the long-term best interests of Potlatch and its stockholders and in protecting the company's stockholders against unfair takeover attempts
during the cyclical downturns inherent in our business.
In addition, although the Company may, in the future, be able to use the additional authorized shares of common stock as a defensive tactic against hostile takeover attempts
by issuing additional shares under a stockholder rights plan, the Company has no present intention to use the additional shares in such a manner.
With respect to the forward-looking statements these risk factors include, but are not limited to the ability of the Stockholder Rights Plan to protect long-term stockholder value, thwart coercive or unwanted takeover attempts
, ensure that all of the Company's stockholders receive fair and equal treatment in the event of a proposed takeover, deliver a fair control premium in a takeover and ensure that any proposed transaction involving the Company is in the best interests of all the Company's stockholders.
Other principal motivations behind M&A activity include realizing operational synergies, sharing risks and skills, countering takeover attempts
, and tapping into emerging consumer markets.