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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.


Mergers and Acquisitions.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Equinox Minerals Ltd, a Canada-based copper mining company, is planning to make a hostile bid on February 28, 2011 for rival Lundin Mining Corporation (Lundin).
BHP, which employs 41,000 people and has operations in 25 countries, launched a hostile bid for Canada's Potash in August after directors of the company refused to back its offer.
It launched a hostile bid for Canada's Potash in August, after directors of the company refused to back its offer.
An analyst who did not wish to be named said Dana s first-half results were in line with his forecasts and he had not expected any comment on the hostile bid.
Kraft Foods Inc's $16 billion hostile bid for British candy maker Cadbury Plc has been notified to EU regulatory authorities, the European Commission said on Wednesday.
Ryanair Holdings PLC said yesterday it plans to formally accuse Irish rival Aer Lingus Group PLC of market manipulation over what it says was misleading guidance in Aer Lingus[sup.1]s defense against Ryanair[sup.1]s hostile bid last year.
In 2006, Sadia announced a hostile bid to acquire the control of Perdigao, offering about USD 1.62 billion, but Perdigao's shareholders rejected the offer.
Gladstone PLC, an Oxford-based high tech business, received its own pounds 13 million hostile bid in October 2008 from Constellation Software Inc., a much larger Canadian company.
Nissin said the defense scheme has not been designed in response to a specific hostile bid, but the decision follows the recent move by U.S.
NORDIC BUSINESS REPORT-24 January 2007-MAN AG withdraws hostile bid for Scania(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
US Senate lawmakers are to more closely examine potential airline mergers, including the hostile bid for Delta Air Lines by US Airways.
The Irish carrier said today (21 December) that it would withdraw the offer immediately, after European Union regulators decided to launch a probe into its hostile bid.