Stock in a company that is considered a primary target for a hostile takeover. Takeover stock is likely to rise significantly in price as rumors of a takeover are thought to increase demand.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.