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Takeover |
Also found in: Financial, Wikipedia, Hutchinson | 0.06 sec. |
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To assume control or management of a corporation without necessarily obtaining actual title to it. A takeover bid or tender offer is a proposal made by one company to purchase shares of stock of another company, in order to acquire control thereof. Cross-referencesHow to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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5% to Alcan's all time high closing price, considerably more than the hostile bid made by Alcoa in May. The consolidation talk died down in late January, however, after Delta Air Lines rejected a hostile bid from US Airways. In 2005, Lions Gate launched an unsuccessful $93 million hostile bid for Image. |
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