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takeover |
Also found in: Financial, Wikipedia, Hutchinson | 0.03 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-referencestakeover noun acquirement of a corporation, acquisition of a company, appropriation, assumption of control over management, assumption of ownership, obtainment, procurement, procurement of a business, purchase: acquirement, assumption, attainment, possession, procuration, securement Associated concepts: corporate raider, corporate takeover, friendly takeover, hostile takeover, tender offer, white knight takeover verb arrogate, assume, command, seize, take command, take charge, take possession, usurp See also: condemnation How 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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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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