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takeover
(redirected from Hostile take over)

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.01 sec.

takeover

In 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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German Chancellor Gerhard Schroder said on Friday that if British company Vodafone AirTouch succeeds in a hostile take over of Mannesmann AG, the corporate culture of both countries could be harmed.
 
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