Quick Definition

A hostile takeover occurs when one company attempts to acquire another without the consent or cooperation of the target company's management.

Examples

• 1A large tech company making an unsolicited bid to buy a smaller competitor that is resistant to merging.
• 2An investor group buying up a significant portion of a company's shares on the open market to gain control against the wishes of the company's current management.
• 3A company using proxy fights to persuade shareholders to replace management with individuals who will approve the takeover.

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