![]() An acquiring company can also engage in a proxy fight, whereby it tries to persuade enough shareholders, usually a simple majority, to replace the management with a new one which will approve the takeover. A tender offer can be made where the acquiring company makes a public offer at a fixed price above the current market price. Ī hostile takeover can be conducted in several ways. Development of the hostile takeover is attributed to Louis Wolfson. ![]() A takeover is considered hostile if the target company's board rejects the offer, and if the bidder continues to pursue it, or the bidder makes the offer directly after having announced its firm intention to make an offer. ![]() The party who initiates a hostile takeover bid approaches the shareholders directly, as opposed to seeking approval from officers or directors of the company. ![]() A hostile takeover allows a bidder to take over a target company whose management is unwilling to agree to a merger or takeover. ![]()
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