BNET Business Dictionary
Business Definition for: Takeover
- the acquisition by a company of a controlling interest in the voting share capital of another company, usually achieved by the purchase of a majority of the voting stocks
Wiktionary Definition for: Takeover
- # economics The purchase of one company by another; a merger without the formation of a new company
Additional Resources
- Bargaining In The Shadow Of Takeover Defenses
- Among the arguments that have been put forward to support the view that takeover defenses increase shareholder returns when a company becomes a takeover target, the "bargaining power hypothesis" is the most commonly cited argument today. Under this theory, takeover defenses allow the target to extract more in a negotiated...
- White papers 2003-08-12
- An American Perspective On The New German Anti-Takeover Law
- The new German Takeover Act contains anti-takeover provisions that reject the "board neutrality/shareholder choice" of the rejected draft of the 13th Directive. These anti-takeover provisions may have a particular albeit temporary justification as part of negotiating strategy to obtain a Directive with a "level playing field" approach to a wide...
- White papers 2003-02-01
- Does Takeover Increase Stockholder Value
- A question which always arises is that does takeover increase stockholder value? - Yes. This, modify the calendar-time portfolio regressions CTPRs approach to measure the abnormal returns of a takeover portfolio composed exclusively of successful bidders and targets from 1963 to 1995. This technique balances the positive announcement-period stock price...
- White papers 2000-02-29
- A New Approach to Takeover Law and Regulatory Competition
- The development of U.S. state takeover law in the past three decades has produced considerable and quite possibly excessive protection for incumbent managers from hostile takeovers. Although the shortcomings of state takeover law have been widely recognized, there has been little support for federal intervention because of the concern that...
- White papers 2001-03-01
- Unite expresses concern over Thomson takeover of Reuters.
- LONDON, UNITED KINGDOM, May 15, 2007 CCNMatthews via COMTEX -- Unite, the UK's largest trade union, has expressed its concern at the potential takeover of Reuters by Thomson saying it fears that the takeover will result in large scale job loses. LONDON, UNITED KINGDOM,...
- Research articles 2007-05-15
- BP is moving forward on veba takeover. (News: Europe).(British Petroleum Company PLC, Veba AG)(Brief Article)(Statistical Data Included)
- BP MOVED quickly last week to clinch its takeover of Veba Oil, the German oil, refining and petrochemicals producer, by agreeing to pay E.ON, Veba's parent, around $4 billion for the company. The takeover appeared to be in danger of collapsing ...
- Research articles 2002-02-04
- Grudging acceptance of HBOS takeover.
- Aug 25, 2003 (The Australian Financial Markets Newsletter - INSTO - ABIX via COMTEX) -- Shareholders have agreed to a takeover of the Bank of Western Australia. UK-based bank, HBOS, made a $A2.4 billion takeover offer for the bank, through a scheme o Aug 25, 2003...
- Research articles 2003-08-25
- Proposed takeover of B.A.T. could put Farmers on mkt.
- PROPOSED TAKEOVER OF B.A.T. COULD PUT FARMERS ON MKT. A $21.3 billion takeover bid for British-based B.A.T. Industries may result in Farmers Group Inc. being placed back on the market less than a year after B.A.T. acquired the Los Angeles, Calif.-bPROPOSED TAKEOVER OF...
- Research articles 1989-07-17
- In concert. (British Telecom revises its takeover plan for MCI Communications; includes other business news items)(Business This Week)(Brief Article)
- In an unusual move to save its "Concert" takeover, British Telecom lowered its purchase price for MCI Communications by $5 billion to around $19 billion. The huge merger-still the largest foreign takeover of an American firm-ran into trouble In an unusual move to save its "Concert" takeover,...
- Research articles 1997-08-30
- Week in Review.(Review)(corporate takeover legislation)
- Anti-takeover legislation may face referendum Opponents of a newly passed corporate takeover bill may be down, but don't count them out yet. A statewide referendum to repeal the soon-to-be law may be in the offing in the wake of final Senate passag Anti-takeover legislation...
- Research articles 2003-09-22
- GREAT WALL TAKEOVER - MONTH AFTER
- AsiaInfo Services 02-20-2001 Great Wall takeover - month after BEIJING, Feb 20, 2001 AsiaPort via COMTEX -- The buzz about China Unicom's takeover of Great Wall is getting lost. Barely a month after the company's announcement of its...
- Research articles 2001-02-20
- Takeover law confuses. (Belgium)
- Belgium's takeover laws have been shown to have deficiencies with Belgo-Dutch banc-assurer Fortis' takeover of Generale Bank. The Commission Bancaire et Financiere has been criticized over the way it handled Fortis' bid and the competing offer from HollanBelgium's takeover laws have been shown to have deficiencies with Belgo-Dutch banc-assurer Fortis'...
- Research articles 1998-07-01
- A Way to Play the InBev and Anheuser-Busch Takeover
- Andy Singh submits:The difficulty in closing funding for some recently concluded corporate takeovers has presented an arbitrage profit opportunity for investors willing to take some risk. In particular I refer to the $52 billion mega takeover of U.S. brewer Anheuser-Busch BUD, the company that is famous for Budweiser Beer, by...
- External links 2008-10-26
- Takeover defense expenditures: deductibility not necessarily precluded by National Starch
- Takeover Defense Expenditures: Deductibility Not Necessarily Precluded by National Starch Introduction When confronted with a takeover attempt, a target corporation's board of directors must evaluate the tender offer in view of its fiduciary responsibility to shareholders. Regardless of whether a takeover attempt is "friendly" or...
- Research articles 1990-05-01
- Luxembourg says new takeover bill won't affect Mittal bid for Arcelor
- LUXEMBOURG AFP — Luxembourg Treasury Minister Luc Frieden said that an amended takeover bill would not keep Mittal Steel from pushing ahead with its hostile bid for rival Arcelor. The Luxembourg government, which is Arcelor's biggest shareholder with a 5.6 percent stake and is opposed to the takeover, is...
- Research articles 2006-03-22
- Share and share alike.(takeover can be advantageous to shareholders)(Brief Article)
- Mar 22, 2005 (The Age - ABIX via COMTEX) Australian shareholders in WMC Resources, National Foods, Southcorp and Portman have some important decisions to make. All companies are currently subject to takeover bids. Participation in a takeover can be advantageous to shareholders, provided the...
- Research articles 2005-03-22
- Transurban rejects A$6.8bn takeover offer
- Transurban, owner of toll roads in Australia and the US, said it had rejected a A$6.8bn (US$6.1bn) takeover proposal on Thursday from two Canadian pension schemes on the grounds it undervalued the group. Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan, which already own 28.2 per cent of...
- News items 2009-11-05
- Does Investor Misvaluation Drive the Takeover Market?
- This article tests the hypothesis that irrational market misvaluation affects firms' takeover behavior. It employs two contemporaneous proxies for market misvaluation, pre-takeover book/price ratios, and pre-takeover ratios of residual income model value to price. Misvaluation of bidders and targets influences the means of payment chosen, the mode of acquisition, the...
- White papers 2003-09-28
- Takeover Bids Vs. Proxy Fights In Contests For Corporate Control
- This article evaluates the primary mechanisms for changing management or obtaining control in publicly traded corporations with dispersed ownership. Specifically, it analyzes and compare three mechanisms: (1) proxy fights: (2) takeover bids; and (3) a combination of proxy fights and takeover bids in which shareholders vote on acquisition offers. It...
- White papers 2001-12-01
- The Role of Lockups in Takeover Contests
- This paper examines breakup fees and stock lockups as devices for prospective target firms to encourage bidder participation in takeover contest. One shows that, unless bidding costs for the first bidder are too high, breakup fees provide for the socially desirable degree of competition and ensure the efficient allocation of...
- White papers 2003-09-16
