Definitions from the Web
Term: Hostile Takeover
Definition:
A hostile takeover refers to the acquisition of a company, against the wishes of its management and board of directors, by another company or group of investors. It is an aggressive approach to gain control of a company by purchasing a significant number of its shares or through other means without the consent of the target company.
Sample sentences:
- The corporate raider orchestrated a hostile takeover of the struggling company.
- The board of directors implemented defensive tactics to ward off the hostile takeover bid.
- Despite the management's efforts to resist, the hostile takeover was successfully completed.
- The investors initiated a proxy fight to facilitate the hostile takeover of the company.
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