Whether the merger or sale of stock was part of a strategy to prevent an
unfriendly takeover was not a consideration in determining tax deductibility.
A flat prohibition on
unfriendly takeovers has a kind of appeal.
Oracle has reportedly offered to settle a case, in which Oracle is being sued by the US state for an
unfriendly takeover bid for PeopleSoft, for USD7.
34 (1992), at first glance, appeared to involve an
unfriendly takeover that would allow clarification on the applicability of INDOPCO.
After fighting legal and public relations battles for more than two months against an
unfriendly takeover bid by Grand Metropolitan P.
It provides the Bank greater flexibility in protecting against
unfriendly takeover, and enables the Bank to raise additional capital through the issuance of Trust Preferred Securities to finance the expansion of its core banking activities.
Announcing the three-company agreement at a press conference, Nippon Steel Executive Vice President Nobuyoshi Fujiwara said the accord will mark ''a great step forward'' toward defense against
unfriendly takeover attempts.
He rescued that chain from an
unfriendly takeover by another chain drug executive and then set Peoples on a path toward the front ranks of the country's drug chains.
Meanwhile, Marconi's balance sheet remains extremely weak and its recent decline in market capitalization has left the company open to
unfriendly takeover bids.
in June as a step to defend itself from an
unfriendly takeover.
At that point, Eckerd chairman and chief executive officer Stew Turley, concerned that the drug chain he headed was about to fall victim to an
unfriendly takeover, approached Oesterreicher about the possibility of Penney heading off that takeover by buying Eckerd instead.
Nasdaq:PTEC) -- the global leader in system-enabling software solutions for PCs and connected devices -- today announced that its Board of Directors has renewed its Stockholder Rights Plan to protect the Company's stockholders by preserving for them the long-term value of the Company in the event of an
unfriendly takeover.
