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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What is a hostile takeover? How is it related to a tender offer and a proxy fight?

Summary Introduction

To Discuss: The meaning of hostile takeover and reasons on how it is different from tender offer and proxy fight.

Introduction: A merger is the mix of two organizations into one by either shutting the old entities into one new entity or by one organization engrossing the other. In other terms, at least two organizations are united into one organization to form a merger.

Explanation

Hostile Takeover: A hostile takeover is a circumstance in which the administration and top managerial staff of the firm (board of directors) focused for procurement object to the merger, as a rule on the grounds that their organization will turn into secondary of the acquiring firm, and they should capitulate their control.

The reasons on hostile takeover are different from tender offer and proxy fight is as follows:

At th...

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