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Takeover
(redirected from Unfriendly takeover)

   Also found in: Financial, Wikipedia, Hutchinson 0.04 sec.

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-references

Mergers and Acquisitions.



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? References in periodicals archive
The proposal calls for the hotel chain's by-laws to be amended to prohibit any stockholder rights plan, generally used to reduce the potential for unfriendly takeovers, unless the plan was first approved by a majority of shareholders.
In June 1981, Seagram launched an unfriendly takeover of Conoco.
But if you eliminated that kind of deal, then an unfriendly takeover offer is less hostile.
 
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