hostile takeover

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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 ?
Transition and Current Situation of Hostile Takeovers in Japan
1bn hostile takeover bid, which PeopleSoft management thinks was made purely to disrupt its own friendly merger with JD Edwards & Co.
If Green decides to push for a hostile takeover, he may call on Scots business associate Tom Hunter to again lend a hand in the process.
The civil world of banking has had a mere handful of hostile takeover plays over the years, but the latest was one of the nastiest yet.
6 billion in Venezuela's biggest hostile takeover ever.
The product offers reimbursement for direct costs associated with a hostile takeover, including investment bankers, attorneys, financial institutions, printing and mailing costs, public relations and advertising expenses, proxy solicitation, and corporate management.
the court found that the subsidiary is a viable entity established for valid business purposes, including protecting valuable intellectual property rights from hostile takeover.
Krupp AG Hoesch-Krupp failed in a hostile takeover of Thyssen AG, the two German steel giants announced plans to go ahead with a 20.
Although INDOPCO clarified the law as it pertains to target corporations in successful friendly takeovers, issues remain regarding the deductibility of expenses related to failed or abandoned transactions, expenses related to fighting hostile takeovers, expenses related to searching for white knights, expenses related to divisive reorganizations, expenses related to proxy fights, and costs of obtaining financing to redeem shares to prevent a hostile takeover, among others.
In the form of a case-study presentation, she spoke of the many issues which arose during Grand Met's acquisition of the Pillsbury Company in 1989, where effectively communicating with shareholders, employees and the media was crucial during the hostile takeover battle.
Goodyear survived a hostile takeover attempt but at a serious cost.