unfriendly takeover

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Related to unfriendly takeover: hostile takeover, hostile tender offer, Hostile Acquisition, Hostile bid, Take Over Bid

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.

unfriendly takeover

The acquisition of a firm despite resistance by the target firm's management and board of directors. Also called hostile takeover. Compare friendly takeover. See also killer bee, raider.

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A flat prohibition on unfriendly takeovers has a kind of appeal.

1984: takeovers hit the radar screen; The early days of hostile M & A set off alarms in boardrooms and on Capitol Hill

However, the Service has announced that it will apply the INDOPCO decision to both friendly and unfriendly takeovers.

The impact of INDOPCO on subsequent rulings

Technology companies are no longer immune to unfriendly takeover attempts during downturns in their stock price.

Autodesk adopts shareholder rights plan

President Kerry Sully stated, "We consider Crestar's offer to be an unfriendly takeover bid an we will take all steps necessary to protect our shareholders.

RANCHMEN'S RESOURCES LTD. RECEIPT OF UNSOLICITED TAKE-OVER BID

Zucaro, the chairman of the board and chief executive officer of Old Republic, said, "The amended rights plan, like the original plan, is designed to enhance the company's bargaining position on behalf of its shareholders in the event that an unfriendly takeover were to emerge in the future.

Old Republic Declares Cash Dividend At Higher Rate; Extends Shareholder Rights Plan

00 per share at the time of an unfriendly takeover, each Right would then be exercisable at $15.

Canyon Resources Adopts Shareholder Rights Plan

This rights agreement is intended to protect our shareholders should AVECOR become the target of hostile or unfriendly takeover tactics," said Anthony Badolato, chief executive officer.

AVECOR CARDIOVASCULAR INC. ADOPTS SHAREHOLDER RIGHTS PLAN

This rights agreement is intended to protect our shareholders should Bio-Vascular become the target of hostile or unfriendly takeover tactics," said John T.

BIO-VASCULAR, INC. ADOPTS SHAREHOLDER RIGHTS PLAN

This Rights Plan is intended to protect our shareholders should Angeion become the target of hostile or unfriendly takeover tactics," said Whitney A.

ANGEION ADOPTS SHAREHOLDERS' RIGHTS PLAN; DECLARES DIVIDEND DISTRIBUTION OF PREFERRED SHARE PURCHASE RIGHTS

Boone Pickens from an unfriendly takeover of Boeing.

BOEING VICE PRESIDENT BUD COFFEY TO RETIRE

The Company is unaware of any action suggesting an unfriendly takeover.

THE HARPER GROUP, INC. DECLARES DIVIDEND DISTRIBUTION OF PREFERRED SHARE PURCHASE RIGHTS

Stressing the need for strength in unity, Kourpias warned them that, "In this turbulent industry, employees must arm themselves to prepare for an unfriendly takeover, or the need to initiate an employee buyout.