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
Byline: Bill Beerworth May 07, 2007 (The Australian Financial Review - ABIX via COMTEX) -- There is a lot to be learned from the private equity attempt to take over Australian airline, Qantas. The flood of private equity money seeking takeover targets has changed...
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...
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...
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...
It will be make-or-break time for the European takeover directive this week, as European Union officials meet in a last ditch attempt to save it from collapse. Members of the European Parliament and European Council met last Tuesday, with the intention of agreeing on...
NEW YORK FNS -- The world of corporate takeovers has spawned a new and colorful business vocabulary--white knights, scorched earth, bear hugs, crown jewels and more. But right now the hot strategy in defending against hostile takeovers is the "poison pill." Since...
It has been seen that not all mergers are welcome. It discusses possible motivations for takeover defenses. All forms of M&A activities may affect firm both as threats and opportunities. Some of the measures, which can be adopted, include: efficiency, financial characteristics that make a firm vulnerable to takeover, financial...
ROME AFP — Italian Prime Minister Silvio Berlusconi said he had asked the French government to be impartial in the event of a takeover bid by Italian power group Enel for French utility company Suez, amid signs of mounting protectionism in Europe. The demand came as Italian Finance Minister...
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...
Warnaco Stock Jumps With New Takeover Bid NEW YORK FNS -- The stock of Warnaco, Inc., jumped 2-1/8 to 37-1/2 Monday on the New York Stock Exchange, following a surprise takeover offer of $36 a share in cash by a group of Los Angeles investors including Linda...
LONDON AFP — Oil and gas explorer Imperial Energy is close to a takeover from Indian energy giant ONGC worth 1.5 billion pounds, the Financial Times reported Friday. The business newspaper, which cited sources with knowledge of the negotiations, said talks had been progressing well and that a takeover...
FRANKFURT AFP ? The Dutch telecommunications group KPN said it does not rule out making a possible hostile takeover bid for its British rival mmO2 after friendly takeover talks failed. "We never exclude a possibility," the Financial Times Deutschland quoted a KPN spokesman as saying in its Monday edition...
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...
Mergers and acquisitions being the order of the day, this article outlines a checklist of matters to be considered in putting a company in the best possible position to respond to a takeover bid, a proxy fight, a consent solicitation or to negotiate a merger. It suggests how a company...
This paper uses a unique Linked Employer-Employee Data LEED set to examine the determinants of mergers and acquisitions and to study post takeover employment. It is found that firms involved in takeovers are qualitatively different from non takeover firms and that post takeover employment probabilities are highly dependent on individual...
BP AMOCO was last night facing an uphill struggle to gain regulatory approval for its $38bn takeover of Atlantic Richfield after American antitrust officials indicated they would block the deal unless there were significant concessions. The US Federal Trade Commission is understood to have received advice from...
As takeover fever grips Japan, will regulators come to the aid of the status quo? As takeover fever grips Japan, will regulators come to the aid of the status quo?
Powerful, Dell is built to fit your business needs Customized systems, experts trained in small business, 24/7/365 support, and powerful, reliable technology. Dell, big results for small business.
