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takeover |
Also found in: Legal, Financial, Wikipedia | 0.04 sec. |
takeoverIn business, the acquisition by one company of a sufficient number of shares in another company to have effective control of that company - usually 51%, although a controlling stake may be as little as 30%. Takeovers may be agreed or contested; methods employed include the dawn raid, and methods of avoiding an unwelcome takeover include reverse takeover, poison pills, or inviting a white knight to make a takeover bid. |
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| 5% to Alcan's all time high closing price, considerably more than the hostile bid made by Alcoa in May. The consolidation talk died down in late January, however, after Delta Air Lines rejected a hostile bid from US Airways. In 2005, Lions Gate launched an unsuccessful $93 million hostile bid for Image. |
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Hostile bid